Black technology: a super empire spanning two worlds

Chapter 229 [General Duan’s Vision]

Chapter 229 [General Duan’s Vision]

The news of Lingjing Technology's graphene business expanding into the new energy vehicle field has not been disclosed to the public, but after reaching cooperation with Huawei and Xiaomi, this matter was still known to a very small number of people in a small circle.

The two parties did not sign an overly strict confidentiality agreement during their cooperation, so it does not have much impact whether the information is spread out or not.

The main reason is that when Lei Jun was talking to other suppliers, he revealed more details of the cooperation, and those with wide connections in the top boss circle also heard the news.

Someone got the news and has been quietly buying Lingjing Technology's stocks at the bottom. The company's stock price has now fallen to around 155 yuan, and the cumulative decline from the historical high has exceeded -35%. People who are optimistic about it think that this price is already very good, so they bought at the bottom.

However, some investors who got the news did not rush to buy the bottom because of this incident. Most of them are still waiting and watching, because they are still most worried about the impact of Cyera-AI company in North Magnesium Silicon Valley on Lingjing Technology.

However, there is a well-known tycoon who has bought the bottom of Lingjing Technology many times. This person is Duan Yongping, who is known as the "Eastern Buffett". Mr. Duan is highly respected in the entrepreneurship and investment industries.

……

Lingjing Technology Headquarters, in the chairman’s office.

"Today, Duan Yongping announced on his Weibo account that he had made his third attempt to buy Lingjing Technology at a bargain price. This has caused heated discussions in the investment circle. He is one of the few well-known investment tycoons who openly believes in the prospects of our company." Yun Shu, who was in the office, was talking about this with Xiao Yu.

Mr. Duan is a well-known investor and entrepreneur in the industry. He has previously founded well-known brands such as Bubugao and Blue-Green Factory. He has become a legend in the investment industry because of his dozens of times return on investment in the Internet and has also been awarded the title of "Oriental Buffett".

"Three attempts? He dared to buy at the bottom against the trend at this time, and entered the market with public information, so he should make the money." Xiao Yu couldn't help but laugh when he heard it. Recently, the company's stock price has fallen by -35% from its historical high. Everyone is worried about the impact of Cyera-AI on Lingjing Technology, and many investors have begun to lower their expectations.

During this period of great divergence, many people withdrew their positions to cash out, but few people entered the market against the trend. Duan Yongping was one of the few people who dared to increase their positions against the trend at this time.

After a while, Yun Shu said, "He made two moves before. The first was in April this year when the stock price fell back to 4 to 155 yuan, and he increased his holdings by 160 shares. In July, when the company's stock price was 50 yuan, he made another move to increase his holdings by 7 shares."

Entering the second half of the year, Lingjing Technology ushered in a strong rebound. At that time, Xiao Yu personally presided over a press conference to announce a major breakthrough in smart medical operating table technology. On the day of the press conference, the company's stock price was pushed up to the daily limit. Later, the stock price was further pushed up due to the unexpected interim results, and the company's market value once returned to the 20 trillion mark.

At that time, almost all investors believed that Lingjing Technology's stock price would hit a record high. However, there was a sudden turn of events. Cyera-AI announced a series of major breakthroughs, which pushed Lingjing Technology's stock price down from its previous high. Last month, it fell to 153 yuan, a new low for the year.

Mr. Duan had made a huge profit, but he did not leave the market. Now all his floating profits have been lost, and his holdings have also suffered a floating loss of several percentage points.

Many stock investors who followed him thought that he had sold all his shares and ran away, but they did not expect that not only did he not run away, but he continued to increase his holdings.

At this moment, Xiao Yu, who was free, picked up his mobile phone and opened Weibo to check out Mr. Duan’s personal homepage.

Just after the market closed today, Mr. Duan sent a Weibo post in the afternoon:
[Today I bought Tencent, Maotai, and Lingjing. I bought Lingjing Technology between 155 and 156. I bought 800K shares and plan to buy slowly. I remember talking about this issue a few months ago. When Lingjing Technology plummets, I will definitely buy it. When Maotai plummets, I will often buy it. When Tencent plummets, I will sometimes buy it.] In the comment section of his Weibo post, a stock investor who follows him left a message asking: [What do you think about Lingjing Technology being suppressed? Is it a good position to build a position now? If it were you, how much of your position would Lingjing Technology occupy now?]
Mr. Duan also responded to this message: [Looking back from ten years later, find the answer yourself. If you can’t find it, just put the money in the bank.]
Xiao Yu looked at it for a while and then closed the page, saying with a smile: "Mr. Duan's vision is indeed good."

Not only is she continuing to bottom out Lingjing Technology, but she is also continuing to buy Tencent's stocks. Tencent's stock price has recently hit a record low, falling from its historical high of HK$775 two years ago to the current HK$260. It has already been halved and is heading for another halving, but Duan Yongping is still continuing to bottom out Tencent's stocks.

He also often buys Maotai stock. He was optimistic about the stock when it was priced at 200 yuan. The current price of Maotai stock is still at 1750 yuan.

He bought the Lingjing Technology stock at the bottom three times and currently holds a total of 180 million shares. However, for a super rich man like him, this is only a small amount of money. The market value of 180 million shares of Lingjing Technology is only about 2.8 million yuan.

Although Lingjing Technology's daily trading volume is sluggish now, the absolute number is still as high as 500 billion. More than 3 million shares are traded in the secondary market every day. Mr. Duan bought only 180 million shares in three times. The amount of funds is less than 3 million, which can't even make any waves in Lingjing Technology's market.

Although he did not buy much, his fame was there, and he also made his position information and position prices public, which had a great influence on the market and also influenced the trading strategies of many people.

Some stock investors followed him to buy at the bottom, and some stock investors who originally wanted to sell their stocks changed their strategies and chose to continue holding after seeing that Duan Yongping, the big boss, continued to increase his holdings and was so optimistic about Lingjing Technology.

……

In the following days, Xiao Yu continued to push Cyera-AI's breakthroughs in AI and graphene materials according to the original plan, and Cyera-AI received good news one after another.

The company's market value also surpassed the $10 trillion mark in mid-October, making it another technology giant in the U.S. stock market to join the $3 trillion club.

The net worth of Xiao Yu's stand-in Peter Vitas also soared to a huge amount of 4500 billion US dollars. It can be said that in another way, he has firmly sat on the position of the world's richest man through a stand-in.

European media such as The Wall Street Journal and The New York Times have all been giving special coverage to Peter Vitas and the company he founded, Cyera-AI. They have become the super darlings of European media, receiving continuous traffic and exposure, all with positive reports and various praises.

Before this, absolutely no one would have expected that within less than five months after its listing, Cyera-AI's market value would soar from $265 billion to over $3 trillion today, an increase of more than 113 times, demonstrating to the world what the phrase "opening high and then running wild" means.

Even the capital groups that promoted Cyera-AI did not expect this, because they had never imagined that Peter Vitas would give them a huge surprise in the field of graphene.

Of course, they don't realize now that this surprise will become a huge scare in the near future.

But this did not stop them from opening champagne. Everyone was overjoyed and simply beaming with joy.

……

(End of this chapter)

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like