Black technology: a super empire spanning two worlds

Chapter 126 [Breakthrough in room temperature superconducting materials causes global sensation]

What happened to Lingjing Technology stock today is destined to leave a significant mark in the history of the capital market.

In history, there has never been a listed company whose market value soared by 10 trillion yuan in one day, there has never been a listed company whose market value evaporated by nearly 10 trillion yuan in about a minute, and there has never been a listed company that could recover its market value within ten minutes after the market value evaporated by nearly 10 trillion yuan.

It is unprecedented that these three situations occurred in the same listed company on the same day, and it is unlikely to happen again.

With such an extreme roller coaster ride, even quick-acting heart pills may not be able to save people with weak hearts.

Lingjing Technology's stock was tossed around so hard today that the A-share market was turned upside down. Although it was not included in several important indexes, its impact on the market is still terrifying, and its size is there for all to see.

Such a huge trading volume means that it has formed a super-terrifying capital siphon effect on other sectors of the market, draining the stock liquidity of other sectors.

However, at this moment, everyone in the market was discussing the abnormal trend after 10:22, and all kinds of rumors were flying around.

At around 11:39, the exchange issued a statement regarding the abnormal situation of Lingjing Technology’s bidding transactions:
【Our Exchange has noticed that the confirmation of Lingjing Technology stock transactions was abnormally slow after the opening of the market today. Our Exchange has paid attention to the relevant situation at the first time and is investigating the relevant reasons.

Investors are requested to pay attention to the relevant announcements of the Exchange in a timely manner. If you encounter any problems or have any questions, please contact the securities company you designated for trading for help.

———This is hereby announced]

At this moment, the stock forum comment section and communication group are full of discussions.

[I asked the account manager of the brokerage firm, and he said that the delay in this transaction might be related to the surge in the number of orders for this stock, and the system could not handle it. Do you believe it?]
[Hahaha, I believe you, I don’t believe you!]
[Last year, I was watching the funny scene of GameStop unplugging the network cable. It seems that unplugging the network cable is really effective. No shame at all.]
[I've been hanging for a long time but there's no response. I can't buy or sell, and I can't cancel the order.]
[You can place an order and cancel it, but if it is lower than the transaction price, it cannot be sold, which means it is an invalid order.]
[It’s the same. I’m still in the process of applying and I don’t know what the situation is. It’s a rip-off! ]
[At first I thought it was because I was on a business trip and my cell phone signal was bad. I had made a profit but couldn’t sell it. I wanted to cancel the order and re-bid the price, but the order was always pending and I couldn’t cancel it. I really wanted to curse.]
[When the price fell to 25, I applied to buy Lingjing Technology. The price of the buy order was lower than the trend price. I didn’t see any transaction or fund balance until the closing. The stock price rose to 103 yuan before the closing. If I didn’t make the transaction, I strongly demand compensation for the loss.]
[The trend of Lingjing Technology today tells us a truth: when stocks can make money, ordinary people can't even buy stocks! ]
[There is a traitor, terminate the transaction.jpg]
……

Today, Lingjing Technology undoubtedly staged a bizarre trading outage that will go down in financial history.

The market is already flooded with rumors and conspiracy theories.

Some say that due to the crazy influx of funds, a huge number of orders were placed on Lingjing Technology's stock, causing the trading server to overload and crash.

There are also claims that because of the short positions’ huge losses and the trillions of debts they owed, a large number of securities firms were implicated. The securities sector fell into a limit-down trend without any warning at around 10 o’clock, and then the banking and insurance sectors also began to fall sharply. In order to prevent the occurrence of systemic financial risks, some unspeakable mysterious force was used to intervene.

There are different opinions among market players as to what the exact reason is.

Some people are even more worried, does this mean that there are bigger loopholes and hidden dangers in the trading system? Is it possible to become the fuse of the next "327 Treasury Bond" incident? Mentioning the 327 incident, many investors who have experienced that period of history are still frightened.

That was a famous financial crisis in the history of mainland securities. Due to illegal trading and other reasons, the treasury bond futures market experienced violent fluctuations and huge losses. This incident not only caused many investors to lose all their money, but also caused serious damage to the reputation and stability of the securities market.

Today, similar abnormal trading suspicions have appeared again in the A-share market, which makes investors think of that unpleasant history.

……

The market opens on time at 13: in the afternoon.

The much-anticipated Lingjing Technology's stock price continued its upward trend, reaching 116 yuan at one point, and the increase expanded again to +670.76%. At the same time, the trading volume once again released a huge amount.

The trading volume at this time is normal, and investors also find that their accounts can place orders normally.

After experiencing the thrill of the roller coaster ride in the morning trading, many investors who held chips chose to sell part of their shares and lock in profits as the stock price surged again. This also caused the stock's trading volume to increase rapidly in the afternoon.

However, market funds managed to withstand the huge selling pressure and there was no other outrageous dive, because the fundamentals of Lingjing Technology, which consisted of three trump cards, were too solid. When the price fell back to around 85 yuan, funds took it without hesitation, and a lot of funds took over when the price was below 100 yuan.

The afternoon fluctuations, the lowest price fell to 85 yuan and could not go further down, because the takeover was too strong, and many funds saw that the takeover was so strong, but they were not panicked. The willingness to sell became lower and lower as time went by, and the selling pressure became smaller and smaller, and then the stock price slowly climbed
In the last half hour of trading, the fluctuation of Lingjing Technology's stock price narrowed and continued to rise amid fluctuations.

As of 15:127.27, Lingjing Technology closed at 745.65 yuan after hours, an increase of +721.26%, a daily amplitude of 6986.35%, a daily trading volume of 13.72 billion, a daily turnover rate of 11.047%, and an after-hours market value of trillion.

Today is destined to be a day that will go down in the history of finance. Lingjing Technology has created a series of records that are unprecedented and will probably be hard to surpass in the future.

The net increase in market value on that day was nearly 10 trillion, which was unprecedented.

The total trading volume for the day was 6986 billion, setting a new record for the largest single-day trading volume since the stock was listed. It is also the largest single-day trading volume of a single stock in the history of A-shares among all listed companies so far. This record is probably impossible to break, not even Lingjing Technology itself.

The total turnover of the Shanghai Composite Index next door today was only 3500 billion, and the turnover of the entire Shanghai Composite Index was only about half of Lingjing Technology's turnover. Today, because of Lingjing Technology, the total turnover of the two markets increased to 1.35 trillion, but Lingjing Technology alone accounted for 51.75% of the total market turnover.

Lingjing Technology created a series of unrepeatable miracles today, but it was not without cost. The intraday transaction volume reached a sky-high level of 6986 billion yuan. This terrifying capital siphoning effect almost drained all the liquidity of the entire market.

Everyone is madly criticizing Lingjing Technology, which has also caused the liquidity of other stocks to drop sharply. Not only did other stocks not receive any additional liquidity, but they also had more liquidity taken away. Because some investors do not have extra funds, they choose to sell other stocks to free up funds to buy Lingjing Technology.

This stock soared more than 7 times today, but all 4850 stocks in the entire market were in the red. In addition, because a huge amount of liquidity was siphoned away, individual stocks experienced a large-scale limit down. More than 560 stocks in the entire market hit the limit down, and more than 1670 stocks fell by more than 7 percentage points.

After-market data showed that Lingjing Technology experienced a day of explosive growth in retail investors today, with a net increase of 183 million retail investors.

The number of retail investors of this stock reached an astonishing 835 million, which is another unprecedented data record.

Lingjing Technology has become an absolute super base for retail investors, and it is possible that the number of shareholders will exceed 1000 million before the end of the year.

The army of retail investors defeated the institutions in this stock, which is rare in history. Large funds were seriously left empty-handed, and some short sellers even begged to be let go and left the market in tears after suffering a loss of more than 5000 billion yuan.

The reason why retail investors were able to win while institutional funds missed out is not that retail investors are better than institutional funds. The most fundamental reason is that Xiao Yu stood on the side of thousands of small and medium-sized retail investors, so the army of retail investors won so brilliantly.

If it weren't for Xiao Yu, retail investors would have certainly become the ones who took over the market and were trapped and harvested as usual.

Lingjing Technology now has more than 800 million retail investors holding shares, and most of them will not jump ship easily. At least 500 million retail investors intend to make value investments and hold the shares for the long term to receive dividends, because only by holding the shares for the long term can the dividend income be exempt from personal income tax.

According to the regulations of A-shares, if the shareholding is within one month, the dividend and bonus income is taxed at a rate of 20%. If the shareholding is more than one month but less than one year, the tax rate is reduced by half to 10%. If the shareholding exceeds one year, the dividend and bonus income is exempt from personal income tax.

As long as investors want to receive stable dividends for a long time, they will definitely hold on to their shares. They will not have to pay taxes on dividends after one year.

For those large institutional funds that missed the opportunity, they can either watch and no longer participate in the stock, or can only chase the rise and carry the sedan chair.

……

At the same time, today's hot news and headlines are dominated by room-temperature superconductors and Lingjing Technology.

[Mobile phones no longer need to be charged? "Room temperature superconductivity" has made a breakthrough, subverting physics! Are you ready for the superconducting era? 】

[Enter the science and technology circle and reveal what exactly is room temperature superconducting technology? ]

[The world's first room-temperature superconductor was born. Xiao Yu won the "holy grail" of materials science, which may completely change all technologies that use electrical energy! ]

【Breakthrough! How will room temperature superconductivity change the world? 】

[A "historic breakthrough" that will definitely win the Nobel Prize, the breakthrough in room temperature superconductivity has allowed Xiao Yu to lock in the Nobel Prize next year in advance! ]

[Will the new breakthrough in room temperature superconductivity really subvert nuclear fusion and ultra-high voltage technology? 】

[Room temperature superconductors became popular overnight! Is a disruptive breakthrough coming? The capital market is boiling, Lingjing Technology's stock price soared more than six times that day, and the net increase in market value exceeded 8 trillion! ]

[Breakthrough in room temperature superconductivity helped Xiao Yu's net worth surge to 4.78 trillion, about 6600 billion US dollars, equal to the total net worth of the three former world's richest men Musk! ]

[Breaking through 333 Kelvin (about 60 degrees Celsius), how does room temperature superconductivity change our lives? 】

[Room temperature superconductivity: The world may usher in a huge change, a future where scientific breakthroughs and challenges coexist]

[Shocking! Breakthrough in room temperature superconducting technology, will it reshape the world? ]

The news headlines were all over the screen, the entire Internet was exploding with heat, and it caused a huge sensation worldwide. Even the European and American media had to report it.

Even people who usually don't pay much attention to this kind of news have started to pay attention to it, because it is so popular. Friends around them are all following the trend to discuss this matter, and even WeChat Moments are following the trend to post related topics. If you don't learn about it, you can't integrate into the social world.

Xiao Yu’s skyrocketing net worth is also one of the hotly debated topics. His current nominal net worth of 5.63 trillion is more than enough to equal the sum of three Musk’s net worths.

At the press conference, the video of Xiao Yu's public demonstration taken by reporters also went viral on the Internet, and there were even some UP hosts who analyzed and interpreted it frame by frame.

As the inventor of the world's first room-temperature superconducting material, Xiao Yu has already secured next year's Nobel Prize in Physics based on this achievement. Many people believe that if he does not win the prize, whoever wins the Nobel Prize in Physics next year will be embarrassed.

Some netizens even began to joke that the pressure was put on the Nobel Prize jury.

If a European or American person develops room-temperature superconducting materials, he or she will definitely win the prize next year, but Xiao Yu is not a European or American person, which makes it difficult for the Nobel Prize judges. Should they give the prize to him or not?
……

(End of this chapter)