Jiang Zhuo'er: Canaan's Opening Price Is Too High, No Arbitrage Opportunity Available

BlockBeats News, July 27th, Jiang Zhuo'er, founder of B.TOP mining pool, stated in a post that Changxin Technology had opened at a price too high, and there were no longer any trading or arbitrage opportunities.

Yesterday, he said, "Changxin Storage is most likely to open high, rise quickly, and then fall back. The opening day will likely be the historical highest price. The perfect scenario is to buy A-shares at the opening, sell in the hype at noon, sell A-shares on the second day, and buy in the hype to close the position. If you are not prepared for the hype, you might fall into the T+1 trap, and end up like Sinopec for a lifetime."