Black technology: a super empire spanning two worlds

Chapter 125 [Pull the network cable? A series of reversals caused the whole audience to explode (two chapters merged and updated)]

Seeing Xiao Yu remained silent, Xu Changming could not help but speak up: "How should we deal with it next? If the capital market collapses and even spreads to the real economy, even if we are not primarily responsible, we cannot stay out of it completely."

Xiao Yu said methodically: "I was thinking about this question right after the press conference. Don't worry, wait a minute. I'm waiting for a call."

Xu Changming couldn't help wondering: "Waiting for a call?"

Xiao Yu nodded and said, "Yes, I'm waiting for the village to call me. Previously, the villagers could still sit still, but the opponent played such a desperate move, and the villagers were also set up. It's impossible to sit still."

That’s true. The villagers certainly cannot accept the market being out of control.

After a moment, Xiao Yu looked at Xu Changming and said calmly: "Don't worry, I know what's going on. You don't have to worry about it. I'll handle it. Anyway, the sky won't fall. Go back and do what you need to do to ensure that the normal operation of the company is not affected by this incident."

Seeing Xiao Yu so calm and composed, Xu Changming felt relieved. He nodded and did not stay any longer. He immediately got up and left and returned to the headquarters of Lingjing Technology Company.

After Xu Changming left, there were only two people left in the lounge. Xiao Yu waited silently for a call from the village.

Yun Shu couldn't help but ask, "What would happen if they really called?"

Hearing this, Xiao Yu smiled and said, "What else can the village do? Most likely they are here to smooth things over."

As soon as he finished speaking, the cell phone rang. It was indeed a call from the village.

It is true that he could not bear it any longer. This situation would probably be difficult to resolve properly without "pulling the plug"; but there is a prerequisite for this. He must first confirm Xiao Yu's attitude, which is unavoidable. If Xiao Yu does not admit it after unilaterally pulling the plug, then he would report it to the police, and the matter would still not be resolved.

Before calling Xiao Yu, the villagers had already confirmed that the short sellers, especially the major ones, were willing to compromise and bleed heavily to save their lives, so they turned around and called Xiao Yu to start emergency communication.

At this moment, Yun Shu sat quietly beside him without saying a word, while Xiao Yu was communicating with the villagers.

During the conversation on the phone, both sides became riddlers, playing riddles to each other tacitly. This was not because they were pretending to be profound, but because they had to communicate over the phone in an emergency. However, telephone conversations will definitely leave traces, so they had to make their words flawless and without any meaning, while also conveying their true intentions. Of course, they could only play riddles.

If you speak too bluntly, you will be very passive when being compared to others, so both sides have a tacit understanding and do not speak out.

The call from the village was ostensibly to express condolences and inquiries.

In fact, just as Xiao Yu guessed, he was playing the role of peacemaker and trying to smooth things over.

The fight between the two of you today was really too fierce. Big A is about to be broken by you. Please restrain your power. If you continue to fight like this, once it gets out of control and the matter gets to the higher authorities, no one will be able to clean it up and everyone will have to get beaten.

The people in the village hinted that both of you should take a step back. As long as you, Xiao Yu, don't kill them all, the other side has agreed to bleed heavily and admit defeat. On top of the full compensation of more than 2700 billion, another 2200 billion will be added, for a total of about 5000 billion. They will collect their magical powers and quickly end this matter.

Compensating 5000 billion has already hurt them, but asking them to pay more than 2 trillion is like killing them. If they refuse to back down, they would rather take risky measures and make the matter completely out of control.

In fact, Xiao Yu had never thought about cutting the short positions of more than 2 trillion yuan, but he did not expect the short positions to be so bad. His initial expectation was to keep the more than 2700 billion short positions, but he did not expect that the situation would develop to this point in actual evolution.

There were a lot of good news today, and the power of those big bombs was even greater than Xiao Yu imagined.

The entire market went crazy, pushing Lingjing Technology's market value to a height of 11.59 trillion in one day.

In fact, Xiao Yu was not too surprised that the company's market value was pushed up to 11.59 trillion yuan. He just didn't expect that the short sellers would not be able to close their positions during the period of skyrocketing from the opening price of 45 yuan to 133.55 yuan. This led to the instant explosion of the short sellers' paper losses, reaching an astronomical figure of nearly 2.2 billion yuan.

At this moment, while Xiao Yu was communicating with the villagers on the phone, his brain was also working rapidly to weigh the pros and cons.

It is obviously impossible to completely defeat the enemy now. If this situation continues, they will be pushed to death. When they are desperate, we cannot rule out that they will launch revenge actions by any means necessary, or even find someone to buy Xiao Yu's life. The enemy certainly has no shortage of resources to buy a life. When they are forced into a corner, we cannot rule out that they will do such a thing.

Xiao Yu realized that he did not have the N800 nano weapon at his disposal, and could not withstand either luck or the 7.62 caliber peanuts. If he could not completely defeat it, forcing it to death would indeed put himself in danger, which was not a wise choice.

Since the opponent is willing to compromise and bleed 5000 billion yuan to beg for mercy, and the people in the village are also trying to smooth things over, we can just go with the flow and do it without losing face, and we can also make enough money.

If the matter really gets to the top, there's really no way to resolve it, and it could create systemic financial risks and even spread to the real economy. This is not what Xiao Yu wants to see.

It was difficult for Xiao Yu to say anything if the villagers came out to mediate at this time. Otherwise, if the situation got out of hand, the villagers would report Xiao Yu to their superiors, saying that Xiao Yu ignored the overall situation. They had already advised him but he just wouldn't listen, which led to the current disastrous consequences that could not be resolved.

If this is true, Xiao Yu will not be able to defend himself, but at least he will have to bear half the blame for this matter, which will be a loss.

Based on a series of pros and cons, Xiao Yu decided to accept it.

However, there is an additional condition, that is, when the car is reversed to allow short positions to close, the chips of small retail investors cannot be washed out. The retail accounts with current holdings of less than 30 yuan will be locked and cannot trade. Even when the stock price has skyrocketed 7.8 times, the holding value is still 30 yuan, which means that the holdings of these accounts before the stock price started to rise were only more than yuan, which must be small retail investors.

There are only a few chips to begin with. If the chips in their hands are washed out, there will be even less coins left. Therefore, the chips in the hands of retail investors at this level cannot be moved.

Then there are accounts with holdings worth more than 30 yuan. Due to panic selling, each account only executes a portion of the sell orders. For example, a retail investor has 100 million chips in his hand. When he sells all of them at a low price due to panic, only 10 chips are traded, and the remaining 90 chips cannot be moved.

This is a technical issue, and it is certainly technically doable by just unplugging the network cable.

The condition proposed by Xiao Yu is obviously to "protect the small and expand". Some retail investors have considerable funds. With such a seven or eight-fold increase, their accounts may have directly expanded by several million in floating profits, or even tens of millions. It is harmless to let these retail investors give up about 10% of their floating profits.

The above operations only apply to funds that are actively placed to sell and cash out. Accounts that do not actively place orders to sell cannot be moved even if their holdings are worth 1 million yuan. It is impossible to move them. If they are moved, it is tantamount to unauthorized manipulation of investors' accounts without permission, which is a completely different nature.

For those who actively place sell orders, the brokerage firm or the village can explain it to the outside world as a technical failure. However, when the stock price plummets, there will definitely be a large number of panic orders fleeing.

The villagers also clearly stated that there was no problem with the additional conditions proposed by Xiao Yu. They breathed a sigh of relief after receiving a clear attitude from Xiao Yu. This was a prerequisite. If he did not agree to relax the conditions, subsequent matters would not be able to proceed smoothly.

After ending the call, Xiao Yu immediately contacted Wen Suqing and gave him some instructions. Wen Suqing then immediately made an encrypted contact with Xiang Chongguang and quickly conveyed Xiao Yu's words.

Mr. Xiang was about to cry when he heard the news. If there was no more news, he felt he would not be able to bear it any longer, so he naturally agreed without hesitation.

……

At around 10:22 am, a mysterious force suddenly activated the skill "Secret Technique: Unplugging the Network Cable".

The stock price of Lingjing Technology had been fluctuating sideways in the box range of 125 yuan above and below the price of 10 yuan, releasing huge volume. However, it suddenly turned around and dived all the way downward at this point in time, like a waterfall-like plunge.

There is no financial capacity to take over from below, and the trend is shrinking and explosive.

"What's going on? Damn, why is the order invalid? Why can't I cancel the order? What's going on? This is fucked. The order I placed can't be cancelled and can't be executed. What the hell happened?" A retail investor who wanted to sell all his stocks was so anxious that he jumped up and cursed.

When the stock price fell below 120 yuan, he wanted to take profits and sell out all his shares quickly.

It turned out that the sell order was shown as pending submission, and when he wanted to cancel the order and re-submit the sell order, he found that he could not cancel the order, so it was stuck there.

Then, he tried to buy another lot, but found that he couldn't buy it either. It still showed that it was pending for declaration, and he couldn't cancel the order either. This meant that the funds for this lot were stuck there and indirectly frozen. At this moment, he was not the only one who encountered this situation. Countless retail investors encountered similar situations.

Seeing the stock price plummet, those who wanted to sell could not sell and were almost crying in anxiety, and those who wanted to buy at the bottom could not buy either. The orders they placed were waiting to be reported and they could not cancel them.

At that time, the stock price of Lingjing Technology plummeted all the way. Retail investors who wanted to sell and lock in profits saw that their account profits retreated by dozens of points in a breath, and then retreated by double the profits in another breath. The floating profits of seven or eight times retreated by two or three times in half a minute. They were so anxious that they cried.

"What the hell happened? Why can't I cancel the order? Why can't I sell or buy? Damn it, the 7.8 times profit has become 2 times. Now it's not even 2 times anymore. What the hell!" A retail investor saw that he could have made 7 times the profit and withdrew. Now the stock price has fallen back below today's opening price of 45 yuan, which means he made or times less profit.

That’s not all. What’s even more annoying is that the order always shows as pending submission and cannot be withdrawn. It’s just stuck there, but the stock price keeps plummeting.

The retail investors who wanted to buy at the bottom were so angry that they were cursing. Their orders were stuck there and they couldn't withdraw them, and they didn't know whether they had bought in or not. There were also a lot of funds who wanted to buy at the bottom and missed out on the opportunity. They had already missed out on the opportunity seriously, and now they saw such cheap chips, and now this kind of thing happened, which really made them angry.

Just like that, with the entire market in a daze and astonishment, Lingjing Technology's stock price plunged to today's lowest price of 25.00 yuan in just over a minute. The intraday increase narrowed from the highest +787.37% to the current +66.11%, reversing a 7-fold increase.

The company's market value has fallen from 11.59 trillion at its peak today to 2.17 trillion. Half an hour ago, a wild surge increased the market value by more than 10 trillion yuan, but now it has plummeted again, evaporating nearly 10 trillion yuan in market value.

The retail investors who held chips were so upset by this card order that they were petrified on the spot.

Imagine that you invested 100 million a month ago and made 780 million at the highest point in the market. If you sold it successfully, you could have made a profit of 700 million.

As a result, the order could not be withdrawn because it was stuck and not executed. Now the stock price has fallen back to 25 yuan. The floating profit of 780 million yuan has turned into 66 yuan in one minute, and more than 700 million yuan is gone.

This kind of ups and downs, the wealth in the trading session, seemed like a dream. The key point was that it was not my fault. I lost 7 times the profit just like that.

If you haven't had it, you can't say you've lost it. But now that you have it, you lose it in a flash, and it's not your fault. How can you not explode?

At this time, major market software pushes quick news:
[Lingjing Technology suddenly staged a shocking dive during the trading session, diving to 25 yuan in just over a minute, the market value evaporated by nearly 10 trillion yuan, and the current transaction volume exceeded 3280 billion yuan]

The entire market has completely exploded. People in the comment section of the stock forum and the communication group are all saying that their orders, whether buy or sell, are all showing as pending for declaration. Moreover, everyone who participated in the Lingjing Technology transaction today, whether selling or buying, is cursing.

Some people who chased highs in the morning were even more frightened after seeing this trend. Assuming they bought at the top at 133.55 yuan, it has dropped to 25 yuan now, which means a direct loss of -81.28%. That is, if they bought it for 100 million yuan, they would have lost only 18.72 yuan. After being cut in half again on the same day, it would be cut again.

Who can stand this?

Many short-term traders gambled with small positions. They did not dare to take large positions at such a high position. But even if it was a small position, this cut would result in a daily loss of 0.5 points even if they only used 4 levels of positions, which was still very painful.

Those who bought in the early morning call auction were originally smiling, and their highest intraday profit was +196.77%, nearly doubling.

As a result, the price has dropped by 25 yuan, resulting in a huge loss of -44.44%, nearly halving. The smiling face instantly turned into cursing.

Even investors who did not participate in the game but watched the fun were greatly enlightened.

Many veteran stock investors who have been trading for 10 to 20 years exclaimed that they had never seen such a scene in their lives. Speculators, big investors, and institutions also exclaimed that they had never seen such a scene in their lifetime.

I have never seen such a scene before. Who could have imagined such a dramatic turn of events?

With a soul-breaking sword of this level, starting from zero frame, who can stand it?

The market value soared by 10 trillion yuan, and was directly cut off by nearly 10 trillion yuan in one stroke. Looking at the global capital market, there has never been such a drastic trend.

Over the next period of time, the intraday trend of Lingjing Technology's stock price was extremely smooth. Anyone could see that the intraday line in this section was obviously abnormal. Some retail investors even suspected that the stock had been disconnected from the Internet in the comment section of the stock forum or the communication group.

The stock investors really guessed it. This wave of unplugging operations prevented others from trading normally, neither buying nor selling, but transactions continued to occur during the trading session, and no one knew who sold and who bought these transactions.

The buyers are naturally those short sellers who have already lost all their money and are tearfully buying up their chips to get out of trouble. They have already lost more than 2700 billion yuan, and now they have to pay out more than 2200 billion yuan to close their positions and pay off their debts.

This wave of unplugging network cables is to reverse the situation and close their positions.

As time passed, Lingjing Technology's stock price hovered around 25 yuan for nearly an hour, and at 11:15 it began to move out of the sideways range.

Because the short sellers had already paid an additional cost of more than 2200 billion to complete the final closing operation, they had to exit the market with a total loss of more than 5000 billion.

Next, the Ruilian Group started to take action to push the stock price back up. At this moment, other accounts were "unplugged", and now they could neither buy nor sell. Therefore, when the Ruilian Group pushed the stock price up, there would be no selling pressure, and the stock price could easily rise in a straight line.

It is worth mentioning that when the share price of Lingjing Technology fell to 25 yuan, the funds in the off-market that missed the opportunity were so excited that they frantically bought the bottom to get cheap chips. No matter whether they were institutions, hot money, big investors or small retail investors, all the funds that missed the opportunity wanted to grab the chips and competed to place buy orders.

As a result, the transaction could not be completed at all and the order was stuck there.

It is obviously impossible for the funds that missed out on the opportunity to get such cheap chips. The stock price has fallen from more than 120 yuan to pick up the funds that missed out on the opportunity.

At this moment, the fan trend of Lingjing Technology is showing a unilateral upward trend without any retracement. There is no selling pressure and the volume is shrinking all the way up. There is almost no trading volume. The intraday volume is only tens of millions or one or two hundred million. Compared with the intraday volume of tens of billions at the high level before 10:22, it is not even as much as a hair on a bull.

30元……40元……45元……55……70元……88元……102元……115元……120元……

Until the close of the morning session at 11:30, Lingjing Technology's latest price closed at 123.85 yuan, with a market value of 107501.8, once again returning to the 10 trillion mark.

Good job——!
Good job——!
Good job——!
Without exception, all the heroes in the market were dumbfounded once again.

After two poles are reversed, the third pole is reversed again.

Who the hell could have imagined such a dramatic reversal?

Who the hell can stand this kind of trend?

Just over an hour ago, when the share price of Lingjing Technology was skyrocketing for more than a minute, retail investors with chips saw the invalid orders that could not be withdrawn and prayed that their orders would be executed. At the same time, retail investors who had bought the bottom and found that they had bought halfway up the mountain also prayed that their orders would not be executed.

As the stock price continued to soar upward, the psychological activities of both parties also reversed. Retail investors with chips began to pray that their orders would not be executed, and retail investors who were trying to buy at the bottom prayed that their orders would be executed, especially those who placed buy orders near the 25 yuan price, because if the transaction was completed, they would have made more than 4 times the profit.

Today, millions of retail investors experienced an unprecedented SSS epic roller coaster ride in the history of the A-share market through Lingjing Technology.

Investors suddenly felt that the so-called roller coaster trends of other stocks were nothing compared to the trend of Lingjing Technology today. Millions of retail investors today experienced firsthand what it means to have one thought to be in heaven, one thought to be in hell, and then another thought to be in heaven again.

Many onlookers could not help but sigh that the birth of such an extraordinary product as room-temperature superconducting material was indeed accompanied by very ordinary events.

……

(End of this chapter)