258: Everyone missed their target, but Wang Lin officially raised the sign, and Juntu Motors took off!

Sun Jianguo never expected Wang Lin to say such a thing.

He was a bit anxious and directly called out Wang Lin's full name: "Wang Lin, didn't you see the announcement this company made last night? Juntu Automobile still has 1.2 billion in debt defaults!!"

"That's also why over 3 billion in Block Trades were completed in just one day today; this is a technical error on our part!!"

"This company is simply not worth this price!!"

After speaking, he calmed down and apologized, "Mr. Wang, I was too anxious. It's mainly because this looks like a losing venture at first glance, and their company probably doesn't have much business now."

After hearing this, Wang Lin couldn't help but laugh: "Mr. Sun, there's no need to apologize. I appreciate your good intentions, but my plan is to acquire as many shares of this company as possible."

"This negative news actually helped me a lot; we should be grateful!!"

"As for the 1.2 billion debt default mentioned in the negative news, it's not as simple as you think. It's not a rigid debt default, but rather a contractual debt with strong flexibility, offering significant room for maneuver."

"For example, if I formally take over Juntu Automobile and drastically transform the company, even injecting billions to play around with, do you think the creditors holding over a billion in debt would allow us to extend the cooperation timeline? I think it's very possible."

Sun Jianguo was considered an insider, and for Wang Lin, Juntu Automobile was just a small, casual acquisition.

That's why he explained all of this to him.

It's just a business worth billions; if managed well in the future, it could leverage a market worth hundreds of billions.

That's when it would truly have some significance.

But for now, it's just a casual move, a pastime in a bull market.

It's also a move Wang Lin finds quite interesting.

Even if, worst-case scenario, those debts truly had to be repaid, it's only a little over a billion, which is a drop in the ocean for Wang Lin.

In Wang Lin's plan, once he gains control of Juntu Automobile, the first step will be to inject tens of billions into the construction of solid-state batteries.

If such a globally leading product cannot be manufactured and put into practical application, it would be the greatest waste.

These tens of billions of funds are not being injected for nothing; what Wang Lin wants is control of this company.

Afterward, he will strip away all traditional fuel vehicle businesses and fully enter the new energy vehicle industry.

Then, a comprehensive collaborative partnership with CATL will be established, at which point all the foundations for takeoff will be in place.

Just waiting for the opportune moment.

Furthermore, if he wants to play big, Wang Lin can also use Juntu Automobile as a springboard to unite many domestic car manufacturers to form a solid-state battery consortium, using their patented technology as bait and sharing it.

As for who wants to join, they naturally have to show their sincerity.

Presumably, these matters still have some room for maneuverability!!

After listening to Wang Lin's explanation, Sun Jianguo felt his mind was a bit overwhelmed.

What did he know about new energy vehicles?

Isn't it just a battery with four wheels? Why were people making it before, and why has it shown an explosive trend in the past two years?

Like BYD, JAC Motors, Chery, SAIC, Guoneng.

They are all doing new energy.

Now even Wang Lin has started getting involved in this.

"It seems it's time for me to have my subordinates plan for this, and also suggest to headquarters that anything Brother Lin gets involved in definitely has great potential!!" Sun Jianguo pondered internally.

Then Sun Jianguo also sincerely exclaimed: "So, Brother Lin, you have such a grand vision! It seems tomorrow's trend for Juntu Automobile will be worth watching!!"

Wang Lin nodded and said: "That's right, tomorrow will be a day for me to frantically accumulate chips. Perhaps, I will let Stock Investors experience what a Limit Down to Limit Up Reversal feels like!"

.

Sun Wei was still anxiously awaiting news from Sun Jianguo.

He had bought so much capital; if it were unrelated people, it would be fine, but this was Brother Lin.

He had entrusted such an important task to himself, and he had messed it up.

What should he do?

Will this affect the relationship between Junlin Finance and CITIC Group?

How will the senior leaders view him?

Will his position be transferred?

He wondered how things were on his end.

Until 11 PM.

Sun Jianguo finally called Sun Wei.

His voice was filled with excitement: "Leader, great news! Brother Lin greatly praised your purchase of all those Block Trades!"

Sun Wei: "???"

What's going on?

Isn't this major negative news? How come, listening to him, Brother Lin is still very happy?

This was also a misconception Sun Wei fell into, thinking that after seeing negative news, Brother Lin had changed his mind.

In fact, he never changed his mind from beginning to end; he just wanted Juntu Automobile's chips!!

Sun Wei quickly asked: "What's happening? Doesn't Juntu have major negative news?"

Sun Jianguo nodded and said: "Yes, there is negative news, but it doesn't affect Brother Lin's plan. He even thinks this is a perfect alignment of timing, location, and people, and he will definitely be able to acquire a lot of chips tomorrow!!"

Hearing this, Sun Wei also understood.

It turns out everything was under Brother Lin's control.

Well, that's good then.

The heart he had been holding in suspense finally settled.

The relationship between the two parties will not be affected, and the superior leaders might even praise him this time, and his position might even move up. Finally, he can have a good night's sleep!

But that night, many people couldn't sleep.

The negative news about Juntu Automobile kept many Stock Investors who had bought the stock awake all night.

The next day.

At 9:15, Juntu Automobile was indeed sealed at the limit down with a large single order.

This scene also completely disheartened the Stock Investors who had stayed up all night worried.

Damn it, it really hit limit down with a single order.

"Damn, can't get out!"

"Large orders have sealed it, no more wishful thinking."

"I placed a limit down order overnight yesterday, hoping it will be executed during the call auction later!"

"I'm really glad I listened to that Veteran Investor yesterday and sold at 8 points, otherwise I'd be crying in the bathroom today!!"

"Yes, I also sold after hearing that person's confident words. Although I cursed him a couple of times after it hit limit up later, I really want to thank him now!!"

"Haha, that's so true!!"

"I bet that Veteran Investor is also watching the market; he can see what you're saying!"

He could indeed see it.

The Veteran Investor of Juntu Automobile was also watching during the call auction today.

This single-order limit down also surprised him.

Who would have thought that the message he posted in the Stock Bar yesterday actually came true, but in this manner.

"It's really damn lucky!!" In a corner of a city in Xiangxi, a man exclaimed how lucky he was.

Similarly, seeing the comments from Stock Investors in the Stock Bar who had successfully exited at the top, a smile flashed across his lips: "This is the first time I've experienced this feeling; it's really good."

"So, how should I operate today?" He looked at a question someone left for him in the Stock Bar.

He was actually a bit confused too.

Without considering any positive or negative news, if he saw the stock hit limit down today, he would definitely buy it.

But.

A 1.2 billion debt default, such massive negative news, turned yesterday's Limit Up into today's single-order limit down.

How much courage does it take to bottom-fish for that?

He was somewhat conflicted.

He even looked at the remaining bottom position in his account and wanted to sell it.

Because Juntu Automobile's logic had changed; after the 1.2 billion debt default appeared, who knew how many more limit down days there would be.

This conflicted state continued.

Until the market opened at 9:30 AM.

There wasn't much bottom-fishing capital coming in at all.

At most, only a few million, which was in stark contrast to the tens of millions in turnover after yesterday's opening.

He sat in front of the computer, staring blankly at the market, occasionally switching to the Stock Bar to see the changes in Stock Investors' sentiments.

Needless to say, everyone was in a panic; anyone who bottom-fished yesterday was losing money.

As for those who bought at Limit Up, they were facing a limit down.

The entire Stock Bar was filled with pessimism.

Some even thought it would take 3 limit down boards to release the pressure.

Of course, there were lucky ones who had their orders filled at the opening, which made them happily shout in the Stock Bar.

Until 10 AM, he still had no clue.

Finally, he posted his thoughts in the Stock Bar: "Looking at the trading volume until 10 AM, I can only say it's too difficult. No one is buying, everyone is bearish. According to my original idea from yesterday, I would naturally bottom-fish mindlessly today, but the problem is, I have a brain, and the 1.2 billion debt default prevents my brain from allowing my hand to place an order."

"Just like a brother in the Stock Bar said, it needs 3 limit down boards to release, I don't think it's that pessimistic, maybe tomorrow it will open a crack for us to leave."

"I can only say, stock trading is really hard. I want to leave the market now and switch to another stock. The logic of Juntu Automobile has changed!"

His words would still influence many people in the Stock Bar.

Visibly, the sealed orders at limit down began to continuously increase.

And the ones who initially sealed the orders were actually the main force of Juntu Automobile.

These people were also very lucky today.

"Good thing some stupid Institutions came yesterday and took over the shares, otherwise we brothers would really be stuck in this stock as shareholders."

"How unlucky, we spent months collecting chips, finally got to be a market maker once, and then this happens."

"Don't think about it, we're already doing pretty well. Most of our funds and profits are out, only about 200 million chips left, and we symbolically placed a limit down order today."

"If you ask me, placing a limit down order is meaningless. After all this time, only a few million have been traded."

"Forget it, we brothers will take the morning off today, get some good rest, go for massages or something. In the afternoon, we'll look at other targets and fight again!"

The others glanced at the market again and could only sigh.

Several months of effort had been wasted.

Forget it, I'll go out and find a girl for a massage.

11:00 AM.

The Limit Order for Juntu Automobile had already reached over 400 million yuan.

This was an extreme amount of Limit Order, many stocks didn't have this kind of limit.

It was at this moment that Wang Lin decided it was enough.

"Alright, the chips acquired yesterday, plus the Block Trade last night, plus the chips on today's limit down, it's enough!"

"Start the show. Let the Stock Investors see what a Limit Down to Limit Up Reversal is!"

"Also, let them know that they should never give up, because a miracle might happen in the next second!"

Wang Lin's words carried a smile.

Upon hearing Wang Lin's command, Zheng Huan immediately said, "Understood, Boss!"

On the trading screen.

There were still Stock Investors who wouldn't give up, wailing and hoping: "Can a Big Brother please pull this up? Please, let me out! I swear I won't play these junk stocks again, I want to go play finance stocks!!"

Other Stock Investors had simply given up, placing a Limit Up order and going to sleep.

He knew it certainly wouldn't execute, but he just couldn't stand the humiliation of having an order sitting on the limit down.

The A-share market isn't lacking in much, but it certainly has a lot of people performing all sorts of different operations.

Some knew it wouldn't execute yet still placed limit down orders, hoping theirs would be next in line.

Others knew it wouldn't execute yet still placed limit up orders, delusionally hoping for a Limit Down to Limit Up Reversal miracle.

On this day.

Wang Lin satisfied every single one of these people with their various operations!

11:07 AM.

The limit down order for Juntu Automobile had reached 471 million yuan.

This was an absolutely terrifying Limit Order, because the total trading volume today was only slightly over 9 million yuan.

In fact, half of that volume was contributed during the call auction.

The next second.

A massive buy order of 250 million yuan instantly consumed half of the chips!

And before anyone could react, another massive buy order of 250 million yuan completely swallowed all the chips on the limit down.

In 2 seconds, two 250 million yuan transactions completely reawakened the fighting spirit of Juntu Automobile's bulls.

It also completely stunned the Stock Investors who were still watching.

Some even rubbed their eyes before looking at the Limit Order on the limit down again.

Nearly 500 million yuan in limit down orders, just gone?

Meanwhile, the Stock Investors who were also monitoring the market and had placed limit down orders suddenly remembered that their orders were still pending.

But it was too late to cancel the orders.

All the chips on the limit down were swallowed, not a single one remained.

[short-term spirit: Juntu Automobile sees a 250 million yuan buy order!]

[short-term spirit: Juntu Automobile opens the limit down!]

[short-term spirit: Juntu Automobile surges 4 percentage points!]

The moment the limit down was broken, the Traders inside Junlin Finance didn't stop; they frantically swallowed the chips placed above the limit.

In just a few seconds, the increase was pulled up to -6%!

For a stock that opens Flat Limit Down, the trading range in between is virtually vacuum.

This is because most of the chips were sitting at the limit down price.

After a delay of a few seconds of shock, the Stock Bar finally began to erupt.

"Holy shit shit shit!!?"

"What the hell, the limit down got busted open?"

"Are they crazy? Which massive capital is this? They aren't afraid of this negative news at all, just aggressively eating up chips?"

"Good news, I got out! Bad news, I might have missed the boat!!"

"I didn't expect my chips placed at -8% to be eaten up too. That was my break-even point! What a waste of effort!"

"It's possible we all missed out on this massive bull stock!!"

"Damn it, I gritted my teeth and immediately chased it back in at -3%!!"

Being able to swallow 500 million yuan worth of chips in one go shows that the entity entering Juntu Automobile this time is a powerful main force.

It is a main force that is determined to get the chips, unafraid of 1.2 billion yuan in negative news.

Some decisive Stock Investors, especially the Hot Money funds who had already noticed this stock and were watching the screen.

After spending a few seconds hesitating, they quickly followed suit.

Damn it, even if we get trapped, we accept it!!

Juntu Automobile took less than 2 minutes to go from limit down to Limit Up.

In fact, the minute or so in the middle was deliberately used by Junlin Finance's Traders for a Shakeout.

Otherwise, they could have achieved a Limit Down to Limit Up Reversal in a single second.

Being rich means being this willful!

11:09 AM.

Juntu Automobile closed at Limit Up.

Funds on the Limit Up board: 500 million yuan!

At this moment, everyone understood.

Juntu Automobile must have some major positive news that hasn't been announced yet.

Definitely!

That negative news from last night was a smoke bomb!!

The ones regretting it the most right now were none other than the minority shareholders who sold their shares in the Block Trade last night.

How could they have imagined that this stock, after such massive negative news, could still pull off a Limit Down to Limit Up Reversal?

It was simply unbelievable!!

Could it be that Juntu Automobile had latched onto a super tycoon?

Had JAC Motors agreed to help Juntu Automobile?

But that's impossible?!!

According to their intelligence channels, JAC Motors had already reached cooperation agreements with companies like Huawei, CATL, Volkswagen, and Nio.

Why would Juntu Automobile, a company lacking core competitiveness, deserve this?

This news and speculation were indeed correct; JAC Motors was genuinely uninterested in Juntu Automobile and had rejected the proposal made by Chairman Wu Kai.

Did they want JAC Motors to act as a White Knight?

Juntu Automobile wasn't qualified enough!

But what nobody expected was that Juntu Automobile had been taken notice of by an even larger, cross-industry giant!

Inside Junlin Finance.

Zheng Huan and the others looked at the trading screen, which had achieved a Limit Down to Limit Up Reversal in just 2 minutes, with the live chat filled with shock and "666" comments.

However, they didn't have time to appreciate or feel proud.

Zheng Huan immediately tallied the chips and began reporting: "Report, Boss, we acquired a total of 540 million yuan worth of chips this time!"

540 million yuan, plus the 3 billion yuan from the Block Trade last night, and the chips acquired throughout yesterday's day trading.

Wang Lin had now acquired a total of roughly 4.2 billion yuan worth of chips.

Regarding the control of Juntu Automobile's equity, while not absolute control, he had reached a state of fundamental controlling interest.

In fact, holding a board meeting now and kicking out the original Chairman and founder, Wu Kai, would not be difficult.

The name Wang Lin itself was prestige!

However, Wang Lin wouldn't do this; if Wu Kai was kicked out, who would do the grunt work?

"Alright, the equity acquired is basically sufficient. After injecting a few billion more yuan, the equity I control will easily reach over 67%. That's enough!"

"We need to let others hold some of the remaining equity, otherwise, market vitality will be too weak!"

Wang Lin's goal for this company wasn't to profit from the stock market, but rather physical control over the entity.

This reflected his current status.

Even if Juntu Automobile made money, how much could it really make?

Could it make as much money as Tesla next door?

His goal has always been industrial development; he wants this company to maximize its core technology, expand production capacity, and hire as many workers as possible.

As for the resulting profit growth and stock market surge caused by increased hiring, those are all secondary effects.

Due to the emergence of this negative news, Wang Lin had already completed his equity acquisition plan ahead of schedule at Junlin Finance.

All that remained was for him to formally announce the acquisition of Juntu Automobile shares, and everything else would naturally fall into place... It was now past 11:20 AM.

As the morning session was about to close, people began returning to glance at the stock market.

Upon seeing it, some felt their world collapse.

Especially the office workers who had placed limit down orders.

"Goddammit, how could this happen? Limit Up!!? I stealthily ran to the bathroom at 10 AM to place a limit down order! I shouldn't have gone to the bathroom."

"This main force really knows how to play. Limit Up yesterday, Limit Up today, but who knows how many people they Shakeout in between!!"

"Can yesterday's Limit Up compare to today's Limit Up? Today is absolutely the performance of a Speculative Dragon!!"

"Too ruthless. My Limit Up order was even executed. Will it be a Flat Limit Up tomorrow?"

"I'm mentally exhausted, truly tired. 300,000 yuan placed at limit down was just executed. The net effect is that I lost 30 percentage points today!"

"This is the stock market. Everyone only sees the performance of a speculative stock after it becomes a dragon, but they don't know how fiercely it fluctuated, how brutal the Shakeout was, and how intense the struggle!!"

If anyone was even more regretful.

It was probably the main forces who had positioned themselves for months, only to sell out right before takeoff!!

That hastily formed alliance instantly collapsed.

Several Hot Money investors who were still getting foot massages were completely stunned when they received the call.

"Limit Up? How is that possible?"

"Our chips are all gone? Did we completely miss the entire move?"

"Impossible! That was nearly 500 million yuan on the limit down. Who could have cracked it? Alliance Leader Zhang? Or which Institutions, foreign capital, or perhaps Brother Lin?"

"They are all busy making huge profits in finance stocks; how could they possibly care about such a small company!!"

As for the foreign capital funds that had been interested in Juntu Automobile, they were also stunned now.

What the heck?

They were interested in Juntu Automobile's solid-state battery technology, but even so, they wouldn't spend this much money buying shares.

This was completely counterproductive.

Moreover, the series of Block Trades that same evening made them realize.

Juntu Automobile likely had some unknown, major positive news.

Otherwise, they wouldn't have carried out a premium acquisition in the face of massive negative news yesterday!

What was even stranger.

Just like yesterday, after closing at limit up, Juntu Automobile's Limit Order showed no further changes.

This continued until the close.

This time, Junlin Finance didn't keep the suspense going.

Or rather, Wang Lin was the first to post on the Social Media Platform: "I've been too bored lately, so I scratched the itch and bought a stock. Did you guys like yesterday's limit up and today's Limit Down to Limit Up Reversal?"

"I'll formally announce the share acquisition tomorrow. I'll also reveal here that I'm recruiting experienced masters in the new energy vehicle sector. Price is not an issue!"

One Social Media Platform post completely drove the Stock Investors wild!