Everybody who has been here for a while knows that connor.jin always mentions he is backed by a fund. He also mentioned that he does swing trades on XIN by selling at high around $3 and buy when XIN is below $2.75 by every couple of cents interval. His fund is highly benefited by the manipulation keeping XIN traded within the $2.50 and $3.00 corridor. This is the exact scheme used by Renaissance Technologies. Connor.jin as a mouthpiece explicitly advocating his strategy by encouraging others to follow. Also, Renaissance Technologies is one of the top holders of XIN shares by regulatory filings, making connor.jin's position exactly in line with Renaissance Technologies.
Wait a minute. You may notice connor.jin is also a loud guy accusing others for working for Renaissance Technologies. Why did he only suspect Renaissance Technologies rather than other hedge funds? As a Chinese, I perfectly understand connor, another Chinese guy. As an old Chinese strategy from Sunzi's The Art of War, you accuse others' for your own crime before others accuse you. In this sense, he masters the skill very well.