Black technology: a super empire spanning two worlds

Chapter 304 [Heated Discussion Resumes]

Zhou Chengyang turned to look at his work computer; Yun Shu had already sent the file over.

He opened it and looked at it for a while, then called his assistant and gave him instructions on how to do the work according to the instructions in the document. Zhou Chengyang strictly followed the requirements of Lingjing Technology.

After dealing with the matter, Zhou Chengyang pondered for a while, then immediately opened Weibo, logged into his account, and posted an update.

[It's confirmed! On August 19th, next Monday, Likang Technology will hold a new product launch event. Believe me, this is absolutely a groundbreaking product, a masterpiece of the perfect fusion of technology and art, a miracle combining human wisdom and the beauty of nature, and the highest praise for human ingenuity and creativity.]

Today is Tuesday, August 13th, and he posted this Weibo message at around 2:43 PM.

At this moment, with 17 minutes left in the A-share market closing, Likang Technology is down more than 2 percentage points today. Yesterday, it also fell sharply by -16.83%. Since peaking at 27.27 yuan, it has hit a new low today, dipping to 12.98 yuan during the session, and its market value has fallen back to 60.35 billion yuan.

Compared to the historical high of 27.27 yuan, it has already been halved. After all, it had previously seen an exaggerated increase of 24 times. Moreover, the stock volatility on the Beijing Stock Exchange is even greater than that on the ChiNext and STAR Market. The daily price limit on this exchange is ±30%. If you are unlucky, you can experience a sharp drop from the daily limit to the daily limit, which can basically halve your investment in the same day.

At 14:45 PM, just two minutes after Zhou Chengyang posted that Weibo message, Likang Technology's intraday chart suddenly surged upwards near the close, with funds rushing to buy and accumulate shares.

In less than a minute, Likang Technology's stock price surged to 17.23 yuan, a gain of 30.04%, hitting the daily limit and strongly reversing yesterday's large negative candle.

There was no other reason than Zhou Chengyang's Weibo post that triggered the stock price to hit the daily limit.

Shortly after the price was capped, major market data software platforms pushed out the following messages:
[Likang Technology, the first listed company in the adult toy sector on the Beijing Stock Exchange, surged 30% to its daily limit in late trading, with other stocks such as Qushui Technology, Aimer, and Rebecca following suit.]

The concept of sex toys, which had been adjusted for two weeks, has once again attracted a surge of funds after Likang Technology's stock price hit the daily limit.

Unlike last month, Likang Technology now has a very strong influence on the concept of sex toys, and is the undisputed sentiment indicator for this theme. As soon as it hits the daily limit, the entire theme also moves and rises. Some investors who cannot buy stocks on the Beijing Stock Exchange turn to the main board to find related concept stocks to snap up.

When Likang Technology hit its 30cm daily limit, most investors didn't know the reason and thought it was a rebound after a sharp drop.

At 14:52 PM, Cailian News pushed out a news flash, reposting Zhou Chengyang's Weibo post from not long ago. Now, investors know why Shanglikang Technology suddenly surged to the daily limit in the final minutes of trading.

"Damn, I didn't follow Mr. Zhou's Weibo. I saw it go straight up 30cm but I didn't dare to follow," a stock investor said, slapping his thigh.

He happened to be one of the few stock investors with trading privileges on the Beijing Stock Exchange, and he had even added Likang Technology to his watchlist. He noticed it almost immediately when the price spiked, giving him at least 40 seconds to get on board.

However, he didn't dare to buy in, fearing a late-day sell-off that would result in little premium the next day and a potentially sharp drop at the open.

This investor promptly followed Zhou Chengyang's Weibo account and set it to "special attention," so he would receive notifications whenever Zhou posted a Weibo message.

As the news was pushed out by Cailian News, most investors saw that Likang Technology, which was originally ranked in the sixties, suddenly jumped into the top ten of the popularity list. Moreover, many other popular stocks on the main board of the two stock exchanges with the theme of "erotic entertainment" that had previously been favored by funds also jumped into the top ten.

Zhou Chengyang's Weibo post quickly spread and was forwarded by a large number of netizens and fans, including many self-media outlets.

People from all walks of life were surprised; the news came too suddenly—was a product launch already happening?

It is evident that Zhou Chengyang did a very good job of keeping the information confidential; the outside world was unaware of it before the news was released.

Many people are concerned about the product that Mr. Zhou mentioned on Weibo. Is it a product developed by Likang Technology itself, or a product developed in cooperation with Lingjing Technology? This is a matter of great interest to the outside world, because everyone is looking forward to a product developed in cooperation with Lingjing Technology.

To put it bluntly, everyone is eager to see what changes Lingjing Technology can bring to this industry. However, Mr. Zhou did not explicitly state this on Weibo. Although he did not say it explicitly, his wording has led to much speculation. Mr. Zhou used very exaggerated modifiers and claimed that it will be a groundbreaking new product.

If it's not an exaggeration and it really is that powerful, then it must be backed by Lingjing Technology's advanced technology. Likang Technology alone definitely doesn't have that kind of capability, which makes everyone look forward to the new product.

The initial buzz had subsided, but Zhou Chengyang's Weibo post reignited the discussion, sparking renewed debate among netizens.

In the capital market, stimulated by the anticipated news of the new product launch, Likang Technology opened at the daily limit on the second day, successfully achieving a two-day winning streak and locking in the daily limit for the entire day.

This also marks the end of the adjustment in the erotic concept sector and the start of the second wave of market activity.

On Thursday, Likang Technology once again hit the daily limit, marking its third consecutive day of limit-up trading. The stock price more than doubled in three days, with a cumulative increase of +124.34% based on the lowest price of 12.98 yuan on the first day of limit-up.

The stock price on the third board surged to 29.12 yuan, breaking through the previous high of 27.27 yuan and reaching a new historical high, pushing the market value to 135.4 billion yuan.

In the afternoon, Likang Technology's stock price plummeted, allowing those who had been trapped at the previous high to exit their positions. However, some still chose to exit.

However, the market held up in the end, and at 14:20 PM, Likang Technology rebounded and hit the daily limit, forming a T-shaped pattern on its third consecutive day. The erotic concept stocks that were being speculated on on the main boards of the two stock exchanges also shifted from divergence to consensus, turning from weak to strong, with several popular stocks rebounding and hitting the daily limit in the final minutes of trading.

On Friday, the last trading day of the week, Likang Technology opened flat without a significant gap up. In fact, it even dipped by more than 8% after the opening, but quickly rebounded after only three minutes and turned positive at 9:36.

Following this, bullish funds pushed the price up relentlessly, and by 9:58 AM, Likang Technology's stock price had reached a new high of 37.86 yuan, a gain of 30.01%, marking its fourth consecutive day of limit-up trading. The stock's second wave of gains also surged to a cumulative increase of 191.68%, nearly doubling in just four days.

With the leading stock so dominant, the smaller players in the erotic concept sector on the main board are following suit.

However, towards the end of the trading day, Likang Technology's trading volume suddenly surged, indicating that funds were dumping shares and fleeing the market. The limit-up price was broken, which also scared other stocks on the main board into a sharp drop.

"Damn, which idiot dumped Likang Technology's stock at the end of the trading day? That's so petty. If you're going to dump it, why didn't you do it in the morning?" A retail investor couldn't help but curse when he saw Likang Technology's stock price plummet, because the main board sex toy concept stocks he bought were also dragged down.

Seeing that the leading stock, Likang Technology, had crashed at the end of the trading day, funds from various sources, especially those with an early advantage on the main board, rushed to sell and secure their profits.

Likang Technology's stock price surged nearly 200% in four days, hitting the daily limit for four consecutive days. Profit-taking funds were already eager to cash out. Today is Friday, and short-term traders are all watching the market closely. If things don't look good, they'll rush to sell. Everyone knows that Likang Technology's product launch is next Monday.

Based on the usual pattern of the A-share market, next Monday will be the time for the good news to be realized. Some people want to grab shares early this morning and then dump them on others next Monday, taking advantage of the product launch.

The A-shares market is currently too volatile. While you're predicting next week's market movements, I've already predicted your predictions.

Those who wanted to get in early today attempted to dump their shares on Monday, but a bunch of seasoned investors were already waiting for them, emphasizing that they had predicted the predictions of others and that they were not waiting for the press conference next Monday, but would dump their shares on Friday.

After the market closed, Likang Technology failed to close at the limit up. The stock rose 21.33% to close at 35.33 yuan, with a total turnover of 12.8 billion yuan and a market value of 164.28 billion yuan.

Those who bought shares today and suffered heavy losses can only silently hope that Likang Technology's product launch next Monday will exceed expectations. It's true that next Monday is the time for the good news to materialize, but if it exceeds expectations, it could directly reverse from weak to strong and recover.

Some people proactively buy in at the end of the trading day, betting that the new product launch next week will exceed expectations. If they are right, they will make a fortune; if they are wrong, they will suffer heavy losses.

……

(End of this chapter)