Black technology: a super empire spanning two worlds

Chapter 121 [Press conference, announcing the advent of room temperature superconducting materials! ]

As soon as the bidding result came out, people from all walks of life in the market were in an uproar.

The army of short sellers tried to bid, but failed!
Because there is no time to mobilize so much funds, and the key is that there is no time to mobilize so many securities to crash the market. Securities firms are already panicking and feel that they are about to be dragged down by the short sellers.

The moment the opening price came out, about 2700% of the more than 40 billion short orders had been liquidated on the spot, and the accounts were frozen and entered the forced liquidation stage.

Some people who used leveraged securities not only suffered a margin call, but also suffered a floating loss of -200%, which means that after losing their principal, they lost twice as much.

The other 60% are already trembling, because the call auction is just the beginning. At this point, even the dumbest people can see that the bulls are coming for them and want to wipe out all the shorts in one go today.

At this moment, the stock comment section, communication group, and forum were all in an uproar.

[Mother Ward has witnessed history again!]
[The direct bidding price of a trillion-dollar super-cap stock doubled. It’s outrageous. It’s outrageous!]
[Am I dreaming? My investment cost was 35 yuan, and I lost 50 points, but now I have made 50 points?]
[A feast for stockholders. I didn’t buy it before the stock was suspended. My legs are swollen from beating it.]
[I risked my life to bid and followed, I hope he is okay.]
[Hahahaha, the cost of my 15 has doubled, should I sell it?]
[This is a bargain. This stock is definitely worth holding for a long time. My cost is lower than yours, only more than 6 yuan. It's a pity that I bought too little, but I won't sell it. I can enjoy the rising stock price and cash dividends at the same time. It's a great deal.]
[Brother Xiao, YYDS!]
[It was said before that at least 650 million of the 600 million retail investors were trapped, but all of them were released in one day. Even if they sold at the previous high, they would have made a profit of 14 points now.]
[I told you, you should treasure the 15 yuan Lingjing Technology. You really can’t buy chips at this price any more.]
[There is a screenshot on WeChat that is going viral. I don’t know if it is true or not. It is said that a large number of short positions have been liquidated. This bidding directly caused countless short positions to be liquidated.]
[Okay, okay, blow up the empty dog! Smash the empty dog's head!]
[Haha, I hope this rumor is true, and I am grateful to these short sellers for driving the stock price down, otherwise I really wouldn’t be able to get the 15 yuan chips.]
[It's really outrageous. I just adjusted the stock price and looked at the cumulative rate of return calculated from the historical lowest point, +1071328.60%. This number makes me dizzy. I confirmed with my eyes that it is the largest cumulative increase in the historical range of 1.07 times.

The historical lowest price was reached on August 8 last year. Until now, on October 31, it has been just over a year and two months. The return rate has increased by 10 times. Isn’t the return rate of Bitcoin high enough? But it is nothing in front of the Spirit King! ]
[The powerful Spirit Emperor is so terrifying... (squinting smile.jpg)]
[NONONO, this gap-up opening directly skipped the two major realms of Spiritual Sect and Spiritual Venerable. It should now be called Half-step Spiritual Saint. If it can hold steady today, it will mean that it has successfully passed the Spiritual Saint realm... (manually funny)]
[The next level is not the Spiritual Emperor level... (covering face and crying with laughter.jpg)]
[Half-step Spiritual Saint, so terrifying, so terrifying.]
[As expected, all people with the surname Xiao are awesome, haha!]
[Hold on if you have chips, and sit tight, the next rise will make you dizzy.]
……

Just as the call auction ended, the press conference of AVIC Linfei Company next door officially began.

At this moment, hundreds of media organizations gathered at the press conference, and people from the entire capital market were also paying attention to this press conference. Many people were surprised because Xiao Yu attended and personally hosted the press conference.

The reporters at the scene never stopped pressing the shutter buttons of their cameras, and the whole process was filled with the "clicking" sounds of various camera shutters.

On the podium, Xiao Yu stood in front of the stage, and the microphone carried his voice throughout the audience.

Xiao Yu did not hesitate and started from zero frame: "Today, I officially announce that we have found the room-temperature superconducting material that has been fascinated scientists around the world for more than a hundred years."

What--?
Everyone was stunned because they all thought it was a major technological breakthrough related to electric-powered aircraft!
As a result, Xiao Yu said, have we developed room-temperature superconducting materials?
Wow——!
The press conference scene instantly exploded, with reporters pressing the shutter buttons of their cameras non-stop. The news was so explosive that investors who were paying attention to the press conference were once again in an uproar.

At the scene, Xiao Yu did not wait for the people present to recover from their shock. He continued: "We have synthesized a ternary compound material through an exclusive and innovative secret technology. It has passed the confirmation of anti-magnetism at room temperature and pressure, passed the precise measurement of zero resistance, and also passed the measurement of magnetic susceptibility, passed..."

Xiao Yu added: "The results of various measurements show that the material still has all the properties of a superconducting material even at 333.15 Kelvin, which is 333.15 degrees Celsius. Of course, it has superconducting properties at room temperature and pressure."

The media reporters in the stands gradually recovered from their shock, and everyone realized that this was definitely a super explosive front-page headline news.

No matter whether what Xiao Yu said was true or false, it was extremely explosive.

If it was true, it goes without saying. But if it was false, considering Xiao Yu's current status as the richest man and his current popularity, it would be extremely explosive news if he told such a huge lie in such a public occasion.

In short, it's big news anyway.

The army of short sellers who were also paying attention to this press conference also exploded at this moment and split apart on the spot!

At this time, exactly at 9:30, the A-share market opened for trading on time. The stock price of Lingjing Technology opened at +199% without any retracement. It opened with a straight line of skyrocketing. Even those who boldly bought in the call auction made a profit of 30 percentage points in seconds.

At that time, Lingjing Technology's stock price rose to 58.50 yuan, an increase of +288.70%. The stock price continued to set new highs during the trading session, and the market value soared to the historic 5 trillion mark, specifically 50778 billion.

The short sellers didn't even have time to dump the market, and even the traders of Ruilian Group didn't have time to place buy orders to push up the price. The combined force of market funds directly pushed the price to 58.50 yuan in an instant, triggering the first intraday suspension mechanism. And there was not much volume, only 30 billion yuan to trigger the mechanism.

The so-called intraday suspension mechanism is that on a trading day without a limit on the price fluctuation, a 30% increase or decrease in the stock price will trigger the first temporary suspension, and normal trading will be resumed after 10 minutes of suspension. The stock price of Lingjing Technology opened at 45 yuan today and rose to 58.50 yuan, which is exactly 30% higher than the opening price, triggering an intraday suspension.

If the stock price rises or falls by 60% compared to the opening price, it will trigger a second temporary suspension of 10 minutes. In other words, if Lingjing Technology resumes trading after 10 minutes and the price rises to 72.00 yuan, it will trigger a second temporary suspension.

After the second intraday temporary suspension mechanism ends, there will be no more limits on price fluctuations during the subsequent intraday trading hours, and there will no longer be any intraday temporary suspension mechanism.

The entire market is in a state of chaos now. Even veteran stock investors who have been playing the A-share market for 10 to 20 years say they have never seen such a scene.

This wave of market opened sharply higher and was halted, and the short sellers were suffering from huge losses, and they were unable to close their positions. They simply could not close their positions.

Because of the sudden surge in the market at the opening, only about 30 billion yuan of transactions were completed. Compared with the short orders of more than 2700 billion yuan, it is not enough.

You should know that the current price is 58.5 yuan, which is +288% higher than the closing price of the previous trading day, and the short orders of more than 2700 billion are still based on the closing price of 15.05 yuan on the previous trading day. Now if they want to close these short orders of more than 2700 billion, it will not be possible to close them by paying 2700 billion.

Instead, they bought at a market premium of 2.88 times to close their positions, which means they would have to spend more than 7700 billion to close their short positions.

The most terrible thing is that you may not be able to close your position unless the stock price does not rise or even falls.

But looking at the current situation, 58.50 yuan is definitely not the ceiling, and the stock will definitely go up after the first suspension and resumption of trading.

If the second suspension is triggered, the stock price will reach 72.00 yuan, and the corresponding intraday increase will be +378.4%. The short positions will have to increase to more than 1 trillion yuan to close their positions.

At this moment, there is no need to trigger the second temporary suspension. When the first temporary suspension is triggered, those who have not closed their short positions will have their positions liquidated and their principal and interest will be wiped out, and they will also be further indebted. If the stock price continues to rise, the more it rises, the greater their debt will be.

At this moment, all the short sellers have exploded on the spot.

When those big short sellers saw Lingjing Technology's current stock price, even a quick-acting heart-saving pill might not be able to pull it back, and no one knew how many short traders had fainted in the trading room at this moment.

Even some speculators who came in through the air have started to fly on the rooftops.

……

(End of this chapter)