Chapter 124 [The short seller’s counterattack to death is also a fight]
At around 10 a.m., the press conference at AVIC Linfei Company has ended.
After Xiao Yu left the meeting, he immediately took out his mobile phone and looked at the company's stock price trend. This sight also stunned him for a while, and he thought to himself: "This time the news is a bit big... ”
More than a little big?
The long and short parties were fighting so hard at the Lingjing Technology handicap, and the entire Big A was almost turned upside down at this moment.
Looking at the market, Lingjing Technology soared in market capitalization by RMB 10 trillion, which was extremely dazzling and the focus of the audience. However, at the same time, all major sectors fell across the board, and the index also plummeted across the board. There were already more than 5,000 stocks out of 5,300 in the market. Individual stocks are turning green, more than 300 stocks have dropped their limit, and more than 800 stocks have fallen by more than 8 points.
Because Lingjing Technology is experiencing epic volume at this moment, the trading volume of a listed company has exceeded that of the entire Shanghai Stock Exchange Index during the same period, and it has exceeded it by a large margin. It now accounts for 43% of the current total market trading volume. Historically, There has never been any precedent for this.
This means that the current terrifying capital siphoning effect of Lingjing Technology has almost sucked up all the liquidity in the entire market. This is not siphoning two individual stocks or one or two industry sectors, but siphoning money from the entire market.
The reaction on the market was that 5,000 individual stocks collectively fell.
At this moment, the funds from all walks of life are either some who smell that the brokerage sector may explode and run away with their buckets, or they sell other stocks to free up funds to attack Lingjing Technology, or they are ready to attack at any time.
Even though Lingjing Technology’s current net market value has soared by more than 10 trillion, the fundamental logic of the three trump cards, graphene on the left, artificial intelligence on the right, and room temperature superconductivity in the middle, is simply harder than diamond. Even if any single trump card is There is endless room for imagination in the future.
What's more, an announcement was made this morning that the board of directors passed a dividend resolution to steadily distribute one-third of profits every year starting from next year.
This makes many short-term funds dare to take over even if they have increased by more than seven times.
When investors see Lingjing Technology's current market value of 11.59 trillion, what they think about is not that this company can reach 11.59 trillion, but how can it only reach 11.59 trillion? Converted to US dollars, it is about 1.61 trillion.
Apple's latest market value is US$2.43 trillion. Why is the market value of Lingjing Technology, which has three trump cards, not as good as Apple's?
Some investors even believe that even if Lingjing Technology does not have the trump card of room temperature superconducting materials, it cannot be worse than Apple with its two trump cards of AI technology and graphene mass production technology that are unparalleled in the world.
This has also been fully reflected on the market. Ruilian released a huge amount of 1.736 billion chips to ship, plus millions of retail investors made seven or eight times the profit in a day. Seeing the rapid release of huge amounts of chips, many people felt guilty. An's strong will, not only one-click liquidation, but also some operations to reduce positions.
Such a huge amount of selling pressure may not be able to be absorbed by the more than 270 billion short-sold positions alone, but the actual situation is that the market has caught it.
It can be seen that there are other short-term funds that are also taking over. They are strongly optimistic that this ticket will definitely exceed 2 trillion US dollars in the future, and even surpass Apple's market value to become the world's largest market value.
Although the price is not cheap now, I still think it is a very good value for money, so I am willing to take it.
For those who are engaged in ultra-short-term hot money, faced with today's situation, they can either wait and see and rest and do nothing, or they can only work on Lingjing Technology, because other sectors have no hope of survival, and the liquidity is almost sucked up by Lingjing Technology. Yes, I'm afraid you'll be stunned if you go in.
In this case, we can only criticize Lingjing Technology, or we can just hold the currency and wait and see the excitement.
……
But at this moment, a business car drove into the headquarters of AVIC Linfei Company. The person who got out of the car was Xu Changming, the current CEO of Lingjing Technology. When some media reporters saw him appearing, many people rushed over and started chirping. He kept asking questions.
However, Xu Changming did not accept any interviews, and had no intention of stopping. Fortunately, he came with bodyguards this time, and it was smooth for him to clear the way without being blocked by reporters.
Xu Changming appeared at AVIC Linfei Company at this time, and outside media people did not think there was anything wrong. After all, the founders of both companies were Xiao Yu, and Lingjing Technology acquired 20% of the equity of AVIC Linfei Company. Including the first 5%, the total equity ratio held is 25%.
At present, the market value of Lingjing Technology Company has also skyrocketed due to this major breakthrough in room temperature superconducting materials, and it is creating a series of unrepeatable miracles.
Yun Shu also came over. She found Xiao Yu who was in the lounge: "Old Xu has something important to ask you. He has already come over and wants to interview you."
As soon as he finished speaking, Xu Changming entered the room. Seeing Xiao Yu present, he closed the door and walked over quickly. "We're here, so soon? What's so urgent?" Xiao Yu immediately said with a smile. There were only three people in the room at the moment. Xu Changming felt relieved when he saw that it was Yun Shu. She is one of the core members of the team, not As for outsiders, there is no need to avoid anything.
Xu Changming sat down and looked at Xiao Yu and said: "The capital market is now in chaos, and it is likely to evolve out of control. This time we played too big, and we didn't expect the market to be so crazy. If we don't think about how to end it, we will probably lose it. Once If a chain reaction occurs and systemic risks are transmitted outward from the financial market, it will be very troublesome.”
He rushed over in person because of this matter.
Xiao Yu motioned to Yun Shu to give him a laptop, then turned on the computer and took a look at the A-share market, as well as the market price of his company Lingjing Technology.
After a while, Xiao Yu couldn't help but curse in a low voice: "These short sellers are really useless. It's not that I used too much force, it's that I overestimated them." I thought after the second stop, how could these short sellers be able to calm down? They sold out 50% of their positions, but the stock price went all the way up to 130 yuan, and they didn’t even close out 5% of their positions.”
Xiao Yu didn't expect this. He initially thought about keeping more than 270 billion short sellers, and cutting off 3,000 short sellers for about 350 billion yuan would be enough. However, he didn't expect these short sellers to be so useless, and now they have all collapsed. It owes as much as 2.16 trillion.
The main thing is that Xiao Yu did not expect that people from securities firms and other financial institutions would not seek merit, but only merit, and watched the short sellers get hit all the way.
In fact, it doesn't matter. As long as the short sellers have the money to cover the debt, the problem is that these short sellers owe so much that they can't even afford to lose their money to pay this amount.
Xiao Yu put the computer aside and looked at Xu Changming: "What are they doing?"
Hearing this, Xu Changming immediately said: "There is a rumor going viral in the industry, saying that short sellers lost more than 2 trillion yuan on Lingjing Technology this time, and a large number of financial institutions were dragged into the water, including banks. To be impacted, to trigger a chain reaction.”
At this moment, the brokerage sector has fallen into a limit-down trend, and the indexes have plummeted across the board. The National Securities 2000 Index has plummeted -8%, the CSI 500 Index has plummeted -6%, and the GEM Index has plummeted -7%. More than 5,000 stocks in the two cities are green. The two major Shanghai and Shenzhen main board indexes also suffered setbacks to varying degrees.
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The main force of Guo Jia's team was forced to "work overtime" to hurriedly pull out the Chinese top tickets to stabilize the Shanghai Stock Exchange Index. Other stocks such as the National Securities 2000, CSI 1000, and CSI 500 could not be protected, and it was difficult to maintain the Shanghai Stock Exchange Index. .
At this moment, the medium-term top ticket is almost smoking, and the two barrels of oil are almost reaching the daily limit, but they still can't make the Shanghai stock index turn red.
But it only lasted twenty minutes, and the bank sector began to plummet, bringing the market down with it. If the leading Chinese stocks that were protecting the market had also plummeted in the afternoon, today's Big A would be a catastrophic collapse.
At this moment, the "Three Financial Idiots" - securities firms, banks, and insurance companies in the big financial sector are swooping in collectively, giving people the impression that Big A is going to trigger a crisis of systemic financial risks.
Xiao Yu was silent for a moment, and after a moment he suddenly said: "I most likely understand that they are performing a self-rescue operation aimed at death. They are now trapped, unable to escape, and unable to compensate. So I want to make things bigger.”
Xu Changming nodded repeatedly: "We see the same thing, and that's what I inferred."
Lose more than 2 trillion?
Even if the short sellers have accumulated five generations of money and lost everything, it will not be enough to compensate them.
The speculations of Xiao Yu and Xu Changming were correct. The short sellers who had been forced into a corner chose to jump over the wall. The last self-rescue strategy they thought of was, since the current conflict cannot be resolved, you, Xiao Yu, want to squeeze me to death, then Don’t let this day pass anymore.
So they chose to intensify even greater conflicts, regardless of the situation, and simply acted in a wrong way to amplify the systemic risks of the entire financial market, just as Xiao Yu just said, making things worse.
It has to be said that the short move is also a solution. Living towards death may still gain a glimmer of life. Although it may be settled by the future, but if you can't survive today, you won't care about tomorrow.
Those short sellers, including financial institutions that were dragged into the situation, used this method to force the village to go out.
Now, do you want to save or not?
You may not save me, but can you still save the market?
If you don't save it, then make the situation worse and bring it to the top, and then everyone will finish it off with their iron fists and sewing machines.
If we don’t want systemic risks to occur in the entire financial market, we must save us. Saving us means saving the market and everyone. Once we are saved, we can cut off the spread of risk transmission links.
After being dealt with like this, the village was numb, and now it has also been provoked.
……
(End of chapter)