Black technology: a super empire spanning two worlds

Chapter 119 [As expected, today is the moment to decide the outcome]

The "those guys" that Xiang Chongguang mentioned were none other than the several organizations that he had brought on board in the first place.

After seeing Xiao Yu planning to set up HP Fund last month, those institutions actually thought that he would follow in the footsteps of the previous richest people, so they chose to jump out midway.

Of course, they also made a lot of money by jumping off the bus, after all, they got on the bus early.

But there is no doubt that jumping off the train last month was a serious oversell. The return rate could have been hundreds or even thousands of times. Although the return of jumping off the train was also extremely generous, selling out hundreds of times or even thousands of times the profit would definitely be regretted.

However, these institutions that misjudged the situation and jumped out midway were fortunate that they did not speculate and short-sell. If they had short-sold, it would not be as simple as selling out. Instead, it would be a waste of time and effort, and they might not only lose all the profits they had earned, but also lose their principal.

Because the profit from short selling is limited, but the loss is unlimited, and because there is no upper limit to price increases, the limited profit means that no matter how sharply the individual stocks in the A-share market plummet, they will not fall to 0 yuan.

Precisely because the profits from short selling are limited, when a short position is opened, short funds will often use high leverage to expand the absolute return multiples.

But increasing the leverage several times means that the risk increases several times.

……

The next day, Wen Suqing returned to Linzhou City and told Xiao Yu in person that Ruilian Group decided to provide full assistance.

Now Xiao Yu has no worries anymore. He has basically considered everything he could think of. If this still cannot keep the more than 2700 billion of short position funds, and they still run away, then it can only be regarded as God's will.

However, Xiao Yu was certain that the probability of them escaping was basically zero.

During the two days of the weekend, with Xiang Chongguang's personal efforts, a huge amount of liquidity cash of more than 300 billion was mobilized in just two days. You have to know that this is real money, not nominal market value, and it was done in such a short time.

From this we can see that Xiang Chongguang’s promise to help this time was not perfunctory, but he really went all out. This is the charm of Soha.

For Ruilian, the 300 billion is not without risk. Xiao Yu asked Ruilian to help achieve an epic high opening in the call auction phase on Monday. If the stock price plunges sharply after the high opening, the more than 600 million retail investors in Lingjing Technology will choose to sell and lock in profits when they see how much profit they have made.

With such a huge amount of selling, although the 300 billion yuan of Ruilian is an astronomical figure, compared with the potential selling of more than 600 million retail investors, which can be regarded as trillions of yuan, the 300 billion yuan thrown in is not enough at all, and the company may face a loss of half on the same day.

However, this probability can only be said to exist. In reality, if the price really reaches the top, there will be hundreds of billions of orders to take over, because the short position bursting means forced liquidation, which is equivalent to selling low and buying high.

……

After the weekend, it was Monday, February 10th.

It was less than seven o'clock in the morning when Xiao Yu arrived at the headquarters of Lingjing Technology. Today was the moment when a blitzkrieg would decide the outcome.

After entering the office and sitting down at the desk, he picked up the landline phone and called Yunshu's office. As soon as the call was connected, he told Yunshu: "Release the third quarter financial report."

Today is the last day for disclosure of third quarter reports.

Yun Shu responded, "Okay, the board meeting has been arranged and will be held in 20 minutes."

Xiao Yu nodded: "Yeah."

After ending the call and putting the phone back, Xiao Yu opened the market trend of his own company on the computer and took a look. The latest closing price of Lingjing Technology was 15.05 yuan. It officially resumed trading today, and today was the first day of resumption of trading, there was no limit on the price fluctuation. The ±20% price limit mechanism would be restored the next day.

So today, theoretically there is no upper limit to how high the stock price can go.

There are still more than two hours before the call auction. At this moment, the attention on Lingjing Technology has already jumped to the top of the popularity list of individual stocks in the two cities.

Because the stock resumed trading today, and the number of retail investors holding shares exceeded 600 million, and the HP Fund incident was beyond the expectations of the outside world, an important logic behind the previous plunge was that many people thought Xiao Yu would suffer a big setback because of the HP Fund incident. As a result, no one expected that the HP Fund received such strong support from the country, and the facts were completely contrary to expectations. Therefore, the logic behind the previous plunge was a misjudgment by the market.

Since it was a wrong kill, then the resumption of trading today must be based on strong expectations for a recovery in the market. Therefore, the entire market knows that Lingjing Technology will definitely rise sharply after resuming trading today, and it will definitely have a very high opening, but no one knows how much higher it will open and how much it will rise.

With the market's attention so high at the moment, it is reasonable that it has topped the intraday popularity list.

Around eight o'clock in the morning, Lingjing Technology released its third-quarter financial report. Investors in the market who were paying attention to Lingjing Technology thought that it would be released after the market closed or during the lunch break.

Unexpectedly, this time it will be different. It will be released before the market opens in the morning.

Major market software pushes short messages:
[Lingjing Technology released its third quarter report, the company's revenue was 723.25 billion, a year-on-year increase of +15223.09%, and its net profit was 211.08 billion, a year-on-year increase of +5883.01%]

The first wave of good news was released, which quickly attracted the attention of various funds in the market, and the belated third-quarter report was released on the last day.

The third-quarter performance once again exceeded expectations. The market generally expected Lingjing Technology's revenue in the third quarter of this year to be around 600 billion yuan, but unexpectedly it reached more than 700 billion yuan, exceeding expectations by more than 100 billion yuan.

Now the more than 600 million retail investors holding chips are very excited. This is another good news and it can be said that they have finally seen the dawn.

You should know that in the past month or so, many retail investors have been suffering losses. Those who have recently bought at the bottom are still lucky. Although they did not make money, at least they did not lose their principal. But for those who took over the chips at the periodic high point, such as retail investors who bought this stock at more than 35 yuan, this period has been really not easy.

Because the paper loss was cut in half, especially for those who bought at the historical high point, they faced a loss of more than 61%. The reason they could hold on was not only because they were reluctant to do so, but also because they had confidence in Xiao Yu and Lingjing Technology, and there was still hope of making a profit in the future.

But then again, after holding out all the way until now, with the company's stock price continuing to hit new lows, it would be a lie for some retail investors who were trapped to say they were not panicking, as some still could not hold on and had to cut their positions in tears.

Their thighs must be swollen by now, but the more than 600 million shareholders who have persevered and increased their holdings against the market trend over the past month are now smiling happily in front of the screen, and are extremely grateful that they have withstood this wave of decline and did not lose their chips.

Now that the returns are about to come, it is a feast for those who hold shares. The whole market knows that if you did not intervene before the suspension, it would be absolutely impossible to buy cheap shares at the price of 15 yuan today. You can either watch it go or chase the rise.

Shortly after the third quarter report was released, AVIC Linfei Company issued a major announcement.

The company will hold a press conference after 9 a.m. to announce a major technological breakthrough.

At the same time, a few minutes before Xiao Yu attended the Lingjing Technology board meeting, he logged into his personal Weibo account, forwarded the announcement from AVIC Linfei, and attached a passage of text: After nine o'clock, we focus on AVIC Linfei and witness history!

There is a major technological breakthrough, but it did not say what the specific technological breakthrough was. Many people believe that there may be a breakthrough in the technology of electric-driven aircraft.

After Xiao Yu sent out this Weibo, he attended the board meeting of Lingjing Technology. This meeting decided one thing, which was the company's dividend plan. The resolution was just a procedural process, and the plan was 100% approved.

As soon as the process was completed, Xiao Yu left the headquarters of Lingjing Technology Company and went directly to the headquarters of AVIC Linfei Company, because he would personally host the press conference next.

At this moment, people from all walks of life outside are also focusing on Lingjing Technology and AVIC Linfei. The two companies are highly correlated, and various funds in the capital market are paying close attention to them.

Because Lingjing Technology just acquired 20% of the shares of AVIC Linfei a while ago, and now holds a total of 25% of the company's shares. If AVIC Linfei has made major technological breakthroughs, it will definitely be beneficial to the stock price trend of Lingjing Technology.

With major technological breakthroughs, Xiao Yu bluntly stated that he wanted to witness history, which immediately attracted great attention from the outside world.

We should also pay attention to the short sellers who hold more than 2700 billion short orders. They are not fools but smart. In fact, they realized that the situation was not good a few days ago. However, they underestimated the seriousness of the situation.
The series of positive news released before the opening of the market almost showed the expectation that the stock price of Lingjing Technology would rise sharply.

The bears had already started to take action at this point, but it was too late.

……

(End of this chapter)