Jiang Zhuo'er: Ebang's Opening Price Is Too High, There Are No Longer Any Trading or Arbitrage Opportunities

July 27th, Jiang Zhuo'er, founder of B.TOP mining pool, stated in a post that Changxin Technology's opening price is too high, and there is no longer any trading or arbitrage opportunity.

Yesterday, he stated, "Changxin Storage is highly likely to open high, experience a peak and then fall back. The first day will likely be the all-time high price. The perfect scenario is to buy A-shares at the opening, sell during the midday hype, sell A-shares on the second day, and buy the hype to close the position. If you are not prepared for the hype, you might be caught by T+1 and end up like PetroChina for a lifetime."