When casi hit the limit up again, all those large sell orders on the right side were withdrawn.
Five minutes passed quickly.
casi resumed trading!
As soon as it resumed, the stock price surged rapidly!
4.20! 4.30! 4.40! 4.50!
In just a few seconds, the stock price hit the limit up once again!
In the office, there were waves of astonishment!
Two limit ups in a row!
Chen Wei's unrealized profit was already over ten thousand, while Wang Dongcheng's was over six thousand.
Chen Wei took a few deep breaths, calming down his slightly excited mood.
"Is there some news out?" Zhou Yi, feeling regretful, remarked from the side.
"No news yet, I just checked," a trader named Zheng Junpeng, sitting opposite Chen Wei, raised his head and said. He had joined the company with Chen Wei but had already graduated and become a full-fledged trader. His relationship with Chen Wei was pretty good, at least he didn't look down on him for not making money.
Zheng Junpeng had been reading a novel and hadn't had time to enter the market.
"No news, and yet two limit ups in a row? Could it be that the shorting institution got caught?" someone asked in confusion.
Zheng Junpeng nodded, saying, "It's very likely. That shorting institution got caught by a more powerful one! What a stroke of bad luck."
It wasn't uncommon for one institution to catch another in such a way.
Many so-called institutions might not be actual organizations, just a few traders with relatively large trading permissions, or some small trading companies.
These small institutions usually dealt with stocks with smaller market capitalization, making trades inside.
Usually, nothing significant would happen.
After all, it's rare for large institutions to interfere with these small stocks, and those other small institutions, without knowing the strength of their counterparts, would avoid confrontation.
Unless the institution was too arrogant, making too many moves in a stock, attracting attention!
Just like the small institution in casi.
Since yesterday, this institution had been putting pressure with large orders!
This frequent use of large orders was perhaps the most primitive, simple, and crude method of market manipulation.
It relied entirely on power to overwhelm, with no technical skill involved.
Similarly, this kind of market manipulation was very likely to expose its own strength. Once it was targeted, trouble was not far away...
This institution had been pressing large orders inside the stock since yesterday, and it was still doing so today. It would be strange if it hadn't attracted attention!
Now, with two consecutive limit-ups for casi, the shorting institution had no chance to cut losses!
"Haha, this sucks for that shorting institution. They probably have tens of thousands of short positions, right? They're likely to lose hundreds of thousands at least!" someone gloated.
Although everyone had made quite a bit of money following this institution today, there was no gratitude. Where there was schadenfreude to be had, they took it...
"If it continues like this, there might be another limit up! The institution that just entered won't let that small institution leave easily," Zhou Yi said.
"Yeah, very likely! Chen Ge's doing great with this trade!" Zheng Junpeng nodded, agreeing.
Zhao Yang came out of his office again.
Seeing two crowds gathered in the room, one around Wang Dongcheng and the other around Chen Wei.
"What's going on here?" Zhao Yang went to Wang Dongcheng's side to take a look.
"casi hit the limit up, both Wang Dongcheng and Chen Wei went long, making a lot of money!" a trader nearby said.
"Oh! Two limit-ups!" Zhao Yang exclaimed when he saw the chart of casi.
"Yeah, there might be another limit-up later. That shorting institution is caught!" someone added.
"It's hard to say. It's already three-thirty. After the stock resumes trading, it will be almost time for the market to close. We can't be sure what will happen in the last trading session. Wang Dongcheng, try to exit after the stock opens later. Don't hold overnight positions, got it?" Zhao Yang analyzed.
Although Zhao Yang had a bad temper and narrow-mindedness, he had been a trader for over ten years. His judgment of market trends was quite good.
Wang Dongcheng nodded. Zhao Yang then came to Chen Wei's side and, seeing Chen Wei had made more money, felt a bit unhappy. He said, "You too, after the stock resumes trading later, try to exit as much as possible. No overnight positions, got it?"
Chen Wei also nodded.
Zhao Yang then said to Zhou Yi and the others, "You're always playing games! You missed such a good opportunity, didn't you?"
Zhou Yi and the others remained silent in the face of Zhao Yang's criticism.
"If anyone dares to play games or read novels during trading hours again, watch how I deal with them!"
After saying that, Zhao Yang left.
After he left, someone muttered quietly, "Sounds like he doesn't play games himself."
"Alright, enough talk. I, for one, won't play games anymore."
Zhou Yi said regretfully.
Two limit-ups, missing out on so much money.
Five minutes later, casi resumed trading.
This time, instead of a sharp rise, it started to fluctuate upward.
Occasionally, there were a few orders placed on the right side, not very large, just a few tens of lots.
It seemed like someone was exiting the market.
Chen Wei saw it right away.
Taking advantage of the upward trend, Chen Wei closed all his long positions.
He made over twenty thousand on this trade, adding to the over twenty-two thousand he made earlier, for a total profit of over forty-two thousand today.
Chen Wei breathed a sigh of relief.
Forty-two thousand was more than many traders could make in a year.
Everyone around him was amazed and envious.
"I guess Chen Ge isn't far from entering the Bull Pen," someone said.
"Yeah, with this earning method, I think he can enter the Bull Pen after finishing this month," someone else added.
Their trading company had a total of eight regular trading teams, and Chen Wei's team was one of them.
There were probably twenty or thirty traders in this team.
Apart from these eight teams, there was also a special trading team.
The traders in it were all big shots.
Most of them made over ten thousand in a single month.
These traders also traded in a trading room, but their room was much more luxurious and grand compared to their small office!
Executive chairs, executive desks, each desk had six monitors, while each of Chen Wei's fellow traders only had two monitors on their desks, and the desks and chairs were all ordinary office furniture, and the space was not spacious enough.
Compared to those big shot traders, their treatment was simply night and day.
Because those luxurious offices were occupied by big shot traders, everyone referred to that office as the Bull Pen.
There was also a bit of a malicious sense of humor behind it.