Black technology: a super empire spanning two worlds

Chapter 357 [No News Is Bad News]

Upon hearing this, Lin Shenshi immediately waved his hand and said, "Goodness, you're talking about taking a gamble, offering a hundred million right off the bat. I don't even dare to say anything."

Lin Shenshi added, "You should decide for yourself. I'm not cut out for stock trading. If I let you buy at the bottom and it crashes later, I can't take the blame. If I don't let you buy at the bottom and it surges later, I can't take the blame either. In short, you should decide for yourself."

Zhao Mingjie glanced at him, shrugged, and said nothing.

After a moment, he made a decision and decisively bought 2 million yuan worth of Lingjing Technology stock. Such a large amount of money could easily drive up the price of other stocks, but it couldn't even make a ripple on the Lingjing Technology stock, and the transaction was completed in minutes.

Lin Shenshi asked in confusion, "Didn't you say you were going to buy up Likang Technology at rock-bottom prices? Why did you buy Lingjing Technology instead? And for 2 million yuan? Are you playing around with these lottery tickets?"

Zhao Mingjie replied, "This stock has fallen from its highest point, correcting by nearly 39 points. It can't fall much further. I bought it and I'm holding onto it. I'm doing this as a long-term strategy, and I'll be able to steadily earn dividends and never have to worry about anything in my life."

While speaking, Zhao Mingjie switched to the intraday chart of Likang Technology and then bought 100 million yuan worth of shares at the limit-down price.

There are over 10 billion yuan in sell orders on the current limit-down board. After he placed his 100 million yuan order, the stock changed hands in seconds. Moreover, when he bought in with his 100 million yuan, the intraday volume bar suddenly surged by one-third.

Since the market opened, almost no one has dared to buy at the bottom, and even with his 1 million yuan investment, the total transaction volume has only reached a little over 3 million yuan.

However, his purchase of 1 million has attracted a lot of attention, because there are still many people paying attention to this stock. Many people are curious about who this big shot is who dares to make such a large purchase of this stock.

"It's good to be rich. The more money you have, the higher your margin for error. You can afford to lose. Unlike me, I'm ruined if I lose even once." Lin Shenshi, who was next to him, couldn't help but sigh as he watched his good friend's performance.

Zhao Mingjie can indeed afford to lose now. His net worth of over 4 million yuan gives him a huge margin for error. Even if he fails to buy Likang Technology at the bottom, or even if he fails to buy Lingjing Technology for 2 million yuan, he will still have 1 million yuan left, which will allow him to achieve financial freedom for life.

Besides, even if it fails, it won't be zero. Even if Likang Technology goes to zero, Lingjing Technology can't possibly make his 2 million go to zero. Even if it's halved, he'll still have 1 million.

"You've already lost once. You should be grateful to have a good brother like me," Zhao Mingjie laughed. Hearing this, Lin Shenshi retorted, "What? You want me to repay you with my body? Come on, let's fencing!"

"Get the hell out of here. I'm perfectly normal. If you want to fencing, go fencing yourself." Zhao Mingjie said with a look of disgust.

Lin Shenshi had indeed lost once. If it weren't for his good friend's investment, he would have definitely sold his house and gone all in on it. He might have already had his loan withdrawn by the bank, or even be heavily in debt.

About two minutes later, Lin Shenshi's casual glances fell on the intraday chart of Likang Technology on his laptop screen. It had been stuck at the limit down price and was now experiencing a surge in trading volume, with a huge turnover of transactions. The number of sell orders at the limit down price was decreasing sharply, and the trading volume was rising rapidly.

Moments later, the limit-down price of Likang Technology was lifted, and the intraday chart began to rise.

"Look, look! Did the ticket you bought go up?" Lin Shenshi patted his good friend's knee. Zhao Mingjie wasn't looking at the computer screen at the moment, but when he heard his good friend's shouts, he turned his head to look at the screen.

Zhao Mingjie was stunned when he saw this, and subconsciously said, "No way? Last time, it surged and hit the limit up after I bought it on the same day, and this time it bounced off the limit up right after I bought it? You timed it so accurately both times. Is it because my stock trading skills are too amazing, or is my luck too incredible?"

At this moment, the sell orders on the limit-down board of Likang Technology were exhausted, and the intraday chart rose sharply. In just three minutes, it rose 13 percentage points from the floor, paused for about half a minute, and then continued to rise.

About five minutes later, the stock recovered the 2000 yuan price level and jumped to the zero line, turning positive and rising.

"Wow! You've already made 30 million? That's practically robbery! Even a printing press can't make you this fast!" Lin Shenshi exclaimed in surprise. Hearing this, Zhao Mingjie corrected him, saying, "Actually, you've underestimated it. After a 3000% drop, the shares I bought at the limit down price have now turned positive, yielding a return of nearly 43%, a floating profit of over 4000 million."

"Damn it, are you really a stock market genius?" Lin Shenshi clicked his tongue and couldn't help but say, "Envy and jealousy have made me unrecognizable. You made more money in ten minutes than most people could make in a lifetime. It's true what they say, comparison is the thief of joy."

"It was just luck," Zhao Mingjie said with a chuckle. "But to be fair, once wealth reaches a certain level, its growth is indeed astonishing, and the margin for error also increases."

A moment later, looking at the intraday chart, Lin Shenshi couldn't help but say, "Sigh, why is it starting to fall?"

Zhao Mingjie glanced at it and said, "This position has encountered selling pressure from yesterday's bottom-fishing funds, so the decline is normal. The biggest selling pressure has already been absorbed near the deep water zone of the limit down. In any case, the shares I bought at the limit down price will not lose money today."

At that time, Likang Technology's stock price fell back to the -8% level, and then rose again by more than 5 points in about six or seven minutes, with the intraday line running at the -2% level.

A moment later, Likang Technology's intraday chart suddenly rebounded from -2% to positive territory, and continued to rise sharply with increasing volume, reaching a high of +12% in just two minutes.

"No way? Don't tell me you're going to hit the limit up from the bottom." Zhao Mingjie was also surprised when he saw the trend. He then said, "Since the opening of the Beijing Stock Exchange, there has never been a limit up from the bottom at the level of 30cm."

Shortly after he finished speaking, he noticed a news flash pop up in the stock market software, which was related to Likang Technology. Zhao Mingjie immediately clicked on it to take a look.

[CaiLian News Agency, November 28] On November 22, eight departments jointly summoned Likang Technology for talks, demanding that it maintain the stability of various industries, refrain from disrupting market order, and avoid disorderly expansion using capital.

Zhou Chengyang, founder and chairman of Likang Technology, responded to the media on Weibo today: Likang Technology will thoroughly implement the opinions expressed in the talks with relevant departments, and, following the guiding principles of "prudent innovation, embracing regulation, and serving the real economy," will quickly rectify and improve its HP service capabilities to contribute to economic and social development.

After reading the news flash, Zhao Mingjie couldn't help but say, "No wonder, after being hit by the Iron Fist, President Zhou immediately slid to his knees at lightning speed. No wonder Likang Technology was able to push the stock price up today."

Lin Shenshi, who was standing nearby, asked, "Why?"

Zhao Mingjie glanced at his good friend and said, "No news is bad news. Although Lao Zhou's response is full of the words 'he has behaved himself,' judging from his response, Lao Zhou said that Likang Technology will make quick rectifications, which means that the relevant departments will not take a one-size-fits-all approach to Liuguang Xingyu, and it is not as bad as the market expected."

At this point, Zhao Mingjie added, "However, the fact that I was able to get 1 million yuan worth of shares at the limit down price was purely by luck. It was like God was feeding me. If I had seen this news, the price would have risen so much by now, and I wouldn't have had the courage to chase it."

Just then, shortly after the news from Cailian Press broke, Likang Technology surged again.

"No way? No way? Ah↓↑? Could it really be...?" Zhao Mingjie was dumbfounded as he watched Likang Technology's intraday chart surge and short squeeze. Two minutes later, Likang Technology's stock price rose to 2626.14 yuan, a 30.00% increase, hitting the daily limit.

Zhao Mingjie clenched his fists and raised his hands excitedly, saying, "Awesome! Since the establishment of the Beijing Stock Exchange, the first 30cm-level floor-to-ceiling panel has appeared. Likang Technology has made history again."

Lin Shenshi, who was standing next to him, couldn't help but ask, "So, how much did you make from the floor plan?"

Zhao Mingjie glanced at the holdings details, and Lin Shenshi peeked over and exclaimed in utter astonishment, "What? Holy crap! You've already made over 8500 million? You're a monster! Even robbing a bank wouldn't make you money this fast!"

……

(End of this chapter)