Black technology: a super empire spanning two worlds

Chapter 295 [News Exposed]

The following Wednesday.

Likang Technology opened at 1.90 yuan, down 4.52%, and quickly fell further after the opening. Quantitative funds dumped shares, pushing the price down to 1.72 yuan, widening the decline to -13.56%.

Zhao Mingjie was also watching this stock. The 13.56% plunge made him feel the pinch, but he didn't do anything. Firstly, he had a 35-point profit margin, and secondly, he wasn't going to get involved in this stock with a short-term trading strategy in mind.

After only a one-minute pullback, Likang Technology found support at the 1.72 yuan price level and then quickly rebounded sharply, turning positive.

Mr. Li's traders were catching up on the chips dumped by quantitative traders with incredible speed, and actively pushing up the price to buy more shares.

If they had enough chips in hand, they wouldn't have opened lower today; Mr. Li's funds would have directly pushed the price up to the limit.

After Likang Technology turned positive, it did not retrace at all and continued to rise strongly in a straight line. Just 5 minutes after the market opened, at around 9:35, the stock price rose to 2.59 yuan, an increase of +30.15%, and hit the 30cm limit up.

Today's trading volume increased to 1871 million yuan compared to Tuesday, and after achieving two consecutive limit-up days, Likang Technology's market value climbed to 12.04 billion yuan.

Meanwhile, Zhou Chengyang was almost ready and had already contacted the people at Lingjing Technology to schedule a meeting. He would fly there tomorrow and go to Lingjing Technology's headquarters the day after to discuss cooperation matters.

……

"Wow, is that amazing? A stock that has hit the daily limit for 30cm can go up for two consecutive days?" Zhao Mingjie, who had just bought the stock yesterday, was shocked and overjoyed. A 30cm daily limit means a profit of nearly 70% for two consecutive days.

His cost was 1.47, and he has already made a profit of 76%, earning over 15 yuan.

Likang Technology has more than doubled since its all-time low of 1.07 yuan more than a month ago, with a cumulative increase of +142.05%.

Looking at the stock's intraday chart, Zhao Mingjie couldn't help but mutter, "Could the interim report have exceeded expectations?"

It's July now, the time for the preliminary disclosure of first-half interim results.

However, Zhao Mingjie shook his head again, saying to himself, "No, the interim report will definitely still show a loss. It's possible that the major shareholder is releasing their shares from lock-up, and they're selling off their shares?"

Likang Technology went public last year, and this month a batch of restricted shares will be released, totaling more than 3000 million shares, accounting for about 6.88% of the total share capital.

The phenomenon of restricted shares surging before a sale to attract retail investors to take over is not uncommon in the A-share market. Apart from this, Zhao Mingjie could not think of any other reason that would drive this stock to suddenly surge without warning.

Even many institutions were unaware that Zhou Chengyang wanted to curry favor with Xiao Yu, so it was even less likely that Zhao Mingjie, a retail investor, would know.

He then thought that raising the price to sell off shares was unlikely, because Likang Technology was a stock listed on the Beijing Stock Exchange. To raise the price and attract retail investors to take over the shares, he needed retail investors, but there weren't many retail investors on the Beijing Stock Exchange.

Unless it's a scheme to get fund investors to take over the shares, where major shareholders privately collude with fund managers to drive up the price and then have the funds actively buy in.

However, Zhao Mingjie was only curious; he had no intention of selling. He was optimistic about the future growth potential of Likang Technology and was investing in the stock with a long-term strategy in mind.

If it weren't for yesterday's explosive 30cm limit-up move, I would have planned to hold it for a year or two after buying it yesterday.

After achieving a 30cm limit-up today, Likang Technology has attracted more attention. It's rare to see a stock on the Beijing Stock Exchange achieve consecutive 30cm limit-ups.

The level of attention has increased, but that's about it; it hasn't had any significant impact on the broader sector.

Similarly, other stocks related to the sex toy concept, such as Qushui Technology, Aimer, Sibao Technology, and Rebecca, have not reacted at all, indicating that Likang Technology's current impact on the market is almost negligible.

……

The following Thursday.

Zhou Chengyang has already flown to Linzhou City and is resting at a hotel in the city. He plans to go to Lingjing Technology tomorrow, and the meeting time has been set.

Meanwhile, in the capital market, Likang Technology opened sharply higher today at 2.91 yuan, up 12.35%, before pulling back to its intraday low of 2.78 yuan, narrowing the gains to 7.33%.

It only pulled back for half a minute before rising again, and then surged straight up to the daily limit with a short squeeze.

At 9:34, Likang Technology's stock price surged to 3.37 yuan, a gain of 30.12%, hitting the daily limit and successfully advancing to its third consecutive daily limit.

Today's stock price hit the daily limit up on low volume, with a turnover of just over 1000 million yuan, which is even lower than the volume of the first limit up.

About two minutes after the price was capped, major market data software platforms pushed out the following messages:
[Likang Technology's stock price hit the daily limit in early trading, marking its third consecutive day of limit-up gains. The company's main business is adult products.]

Likang Technology, which hit the daily limit on the third board, has begun to attract attention. Some stock trading groups have already seen investors taking screenshots and discussing it. The stock forum comment section, which hadn't seen any new comments for half a month, has now seen three or five messages appear.

A 30cm limit-up on the Beijing Stock Exchange is rare enough, consecutive limit-ups are even rarer, and three consecutive limit-ups are even rarer.

The first stock on the Beijing Stock Exchange to achieve three consecutive limit-up days was Weichuang Optoelectronics, which achieved three consecutive limit-up days on December 13, 2023, doubling in value in just three days.

"Three consecutive days? That's already doubled?"

Zhao Mingjie woke up at 10 a.m. today. He opened the stock trading software and looked at Likang Technology. Upon seeing it, his groggy state instantly disappeared, and he felt refreshed.

The stock price doubled in three days, or more precisely, by 120.26%. Zhao Mingjie's cost price was 1.47 yuan, and his portfolio return soared to 129.25%, with unrealized gains reaching 25.8 yuan.

"Should we sell some?" Zhao Mingjie saw his profits double in three days and wondered whether he should take the profits. After hesitating for a while, he suddenly shook his head and said to himself, "No, I'm not selling. If I'm going to hold for the long term, I'll hold firmly. I'll stick to my principles and not sell!"

Although he had some thoughts of taking profits, Zhao Mingjie ultimately decided to hold onto his shares.

……

Come Friday.

Zhou Chengyang arrived at Lingjing Technology on time. To his surprise, it was Xu Changming, the CEO of Lingjing Technology, who personally met with him. Such a high-level meeting made him feel flattered and extremely excited.

It was almost as if they were saying on the spot, "Please, Mr. Xu, take away the soul of Likang Technology."

Meanwhile, in the capital market, Likang Technology opened at 3.71 yuan today, up 10.08%. After the opening, there was no pullback, and it continued to rise sharply with both volume and price increases.

Because Mr. Li has almost collected enough chips.

At 9:42 AM, Likang Technology's stock price reached 4.38 yuan, a 29.97% increase, hitting the daily limit and successfully achieving a fourth consecutive daily limit after three consecutive days of limit-up trading. The company's total market capitalization also climbed to 20.36 billion yuan.

Major market data software pushes out breaking news:
[Likang Technology hit its daily limit in early trading, marking its fourth consecutive day of limit-up gains in four trading days. It became the first stock on the Beijing Stock Exchange to achieve four consecutive limit-up days since its inception, with current trading volume exceeding 4000 million yuan.]

With four consecutive limit-up days, Likang Technology has seen a significant surge in attention, with more and more investors leaving comments in its stock forum. Even though they can't buy the stock, they still come to watch. Investors are quite curious about the logic behind this stock's explosive growth.

"Is this outrageous? It can actually have four consecutive limit-up days, and those are 30cm limit-up days! What is the reason for such a surge?" Zhao Mingjie was shocked and excited. Four limit-up days in four days, resulting in a cumulative increase of +186.27%.

Starting from the historical low of 1.07 yuan, the stock has risen to today's limit up, with a cumulative increase of 309.34%, which is three times the historical low.

Zhao Mingjie's cost price was 1.47 yuan, and his current rate of return has soared to +197.95%, which is basically equivalent to doubling in four days. His unrealized profit has further expanded to 39.5 yuan, and his total net worth has now officially exceeded 100 million yuan.

Around 14:20 PM, a rumor suddenly spread that Zhou Chengyang, the founder of Likang Technology, had appeared in Linzhou City at the invitation of Lingjing Technology and met with Lingjing Technology executives to discuss the possibility of business cooperation.

The person who leaked this information was none other than the one who orchestrated it, Mr. Li.

In those four days, he achieved his goal of accumulating shares by hitting four 30cm-level limit-up days at a premium of nearly 4 times.

Next, he needed others to take over his burden and carry him in a sedan chair, so he planned to leak the inside information.

Originally, it didn't attract much attention, but this little bit of news suddenly came out, causing the attention index of Likang Technology to skyrocket.

……

"Wow, so that's why Likang Technology's stock price surged? Really? That's definitely a major positive! A major positive!" Zhao Mingjie also saw the rumors circulating online, which made him overjoyed. He felt that the news was quite likely to be true.

Although it's just a rumor and has never been confirmed, the fact that major players used real money to forcefully push up four 30cm-level limit-up days is undeniable, which largely confirms the authenticity of the news.

If it's fake news, the major players who are pushing the price up like this will definitely bury themselves at the top and won't be able to sell their shares. There's no way anyone will come to take over. You have to know that Likang Technology is a stock listed on the Beijing Stock Exchange, so even if some retail investors wanted to take over, they wouldn't be able to.

As soon as the news broke, Likang Technology's popularity soared.

There's even a sense that they're aiming for rapid expansion into new markets, because Likang Technology is a company that manufactures, researches, and sells adult products. Such a company received a cooperation invitation from Lingjing Technology, and the current fame of Lingjing Technology and Xiao Yu goes without saying.

Another point is that sex toys are quite special in themselves. After all, as carbon-based life forms, dryness and astringency are the two most primitive core driving forces.

With the addition of celebrities like Xiao Yu and high-tech giants like Lingjing Technology, the topic and level of discussion immediately skyrocketed.

At this moment, some self-media outlets immediately started posting articles claiming that Brother Xiao is making a push in the sex toy industry, that AI sex toys are coming, and that Motoko Kusanagi from "Ghost in the Shell" is coming.

Netizens, drawn by the rumors, flocked to Xiao Yu's personal Weibo account, sending private messages or leaving comments to inquire whether the online news was true.

Furthermore, many netizens expressed their hope that the rumors were true.

As the news spread and its popularity soared, Likang Technology's popularity index went from not even making it into the top 100 of the daily popularity chart to now directly jumping into the top ten, and it continues to rise. Its popularity is visibly increasing.

Near the close of trading at 14:40 PM, major market data platforms pushed out news alerts:
Several stocks related to adult products saw a late-day surge, with Qushui Technology and Sibao Technology hitting their daily limit up (+20%), while Zhejiang Zhongcheng, Ruibeika, and Aimer also rose.

The momentum of Likang Technology was immediately generated by this rumor, and the stock hit the 30cm daily limit for four consecutive days, giving various funds in the market a huge boost of confidence.

However, after the stock hit its daily limit in the morning, it remained firmly locked and was impossible to buy. Moreover, it was a stock listed on the Beijing Stock Exchange. Even if it hadn't hit its daily limit, more than 90% of investors wouldn't be able to buy stocks listed on the Beijing Stock Exchange.

If you can't buy on the Beijing Stock Exchange, you can still find stocks on the Shanghai and Shenzhen stock exchanges.

Quick-reacting funds immediately turned to stocks related to sex toys, and as the news spread, more and more people realized what was happening.

For example, Silicon Power Technology, one of the leading silicone manufacturers in China, whose products cover the skin layer and joint seals of sex robots; Hanway Technology, which provides electronic skin sensors for tactile feedback in robots; and Rebecca, a global leader in wigs that can provide realistic wig modules for sex dolls, were among the related concept stocks that saw a surge in buying at the end of the trading day.

……

(End of this chapter)