And Jiang Banxia was betting that those people wouldn't dare crash the price to her accepting range.
After she placed an offer of 180 million, the frequency of chip sell-offs began to decrease, and she continued to acquire shares above, always keeping it around six to seven percent below the surface.
After taking in another 20 million, she calculated her holdings and realized she was just over 50 million away from hitting the disclosure threshold. Without hesitation, she went all-in with 50 million, pulling the price up by nine percentage points.
From six percent below the surface to three percent above.
In this situation, many undecided retail investors rushed in while the previous major players in the market realized that the momentum was unstoppable. They immediately switched from being short to going long, jointly buying up to prevent too many shares from falling into the hands of retail investors.
