Livermore suppressed his excitement and gave the order for an "all-out attack", and the ringing of the bell at the opening of the market was the starting gun for the general attack.

Clang!

The bell is ringing!

Throw!

A huge financial bomb was thrown into the sea of stocks, stirring up a column of water that no one was spared!

According to Livermore's instructions, all the traders instantly sold at full speed, and the phone calls came and went, and there was "sell, sell, sell!" everywhere. The United Trust has professional seats, special channels and even special telephone lines on the exchange, so it is the fastest and most efficient.

In order to prevent the signal from being jammed or otherwise damaged, in the building closest to the exchange, the United Trust also set up a "former enemy telecommunications department", where the best telegraph operators and relevant guards of the United Group received instructions by radio, ready to rush over at a critical moment to relay - at the beginning, the United Trust spent a huge amount of money to buy seats and independent space, and it was said that people were stupid and had a lot of money, and at this time, everyone admired the hand of the president at the beginning, and the priority of a few seconds made up for the extra cost at the beginning.

After reducing its holdings by more than 200 million at the end of last week, Union Bank now has more than 300 million US dollars in its holdings, and it must be sold as soon as possible.

Today, the market began to follow the decline of the previous trading day and opened lower, and the more than 300 million selling orders fell even more as soon as they arrived: all shareholders were stunned to watch the prices of a large number of large blue chip stocks, including General Motors, General Electric, and American Radio, fall rapidly.

Telegraph and Telephone Company, which closed at $304 last session, opened at $299 and fell to $278 10 minutes later;

General Electric Company, which closed at $396.25 last trading day and opened at $390, fell $25 in 5 minutes;

General Motors, which closed at $72.75 and opened at $71 on the previous trading day, resisted for 6 minutes, and announced 15 minutes later that it had surrendered its guns, breaking $65;

The New York Central Railway Company, the closing price of the last trading day was $256.5, and it once rose to $259 at the opening, and 7 minutes later, a large order of 300,000 shares was directly thrown, instantly hitting $235;

U.S. Steel Corporation ......

Westinghouse Electric Company......

Union Carbide ......

American Radio Corporation ......

All the big blue chips fell sharply, they usually fell by 5-7%, and those small-cap concept stocks fell even harder, without a 10% drop are embarrassed to say that they opened today, the index took a sharp turn, and in less than half an hour the Dow Jones Industrial Average fell below the 440 and 430 mark, and rushed towards the 420 mark frantically, and 75 minutes later, 420 points were lost......

In the 88th minute, the last trader reported that all sell orders had been filled. A total of $320 million worth of $320 million was cleared in an hour and a half, and of course, because it was a plummeting liquidation, the recovered funds were less than $285 million after deducting relevant expenses, a full loss of 10%.

In the 96th minute, the Dow Jones fell below 410 points, and the overall stock market has fallen by more than 7%, with large blue chips falling by an average of 5-7%, small and medium-sized high-performing stocks falling by 8-10%, and small concept stocks, bubble stocks, and junk stocks generally falling by more than 15%.

Neither Contini nor Livermore cared at all, although there was a loss of almost $40 million, but in the 3.3 billion short position, not only the more than 200 million book losses a few days ago were instantly wiped out, but by the time the Dow Jones broke through 405 points, there was a 200 million floating profit on the books.

And the stock market sell-off is still pouring out violently, and by 11 o'clock in the morning, the floating profit of the short position of the United Trust has exceeded 400 million!

When the stock market falls sharply, the outside crowd does not yet know - at this time there is neither the network nor the real-time transmission system, all the quotations either go to the exchange to check on the spot, or rely on manual quotations and then send them back through the telex, it is likely that the trader has just written the previous price, the new price has arrived, the lazy trader will send it out first, the cautious trader will update it and send it out - but in any case, the delay is a matter of course, the general delay is 15 minutes, like today's rapid decline and huge trading volume, the delay is more than an hour.

Only Contini and others, who are at the center of command, can know the real-time situation.

At 11:17, the book floating profit exceeded 500 million.

"Do you want to harvest a wave in the afternoon?" Livermore explained, "Close a part of the short position first, put the price away, and wait for the suction cup to come up and then press it down - this is better than simply pressing down all the time, it can strengthen the turnover rate in repeated shocks, form systemic turbulence, prevent the target from being too concentrated, and also give the follower a little room to think." ”

Francisco nodded: "I think it's okay, I can harvest it in the afternoon, and then attack before closing!" Tomorrow other banks will definitely join forces to bail out the market, and that is a new opportunity that will continue to drain their margins. ”

Contini waved his hand nonchalantly: "You two are sure, I'm not professional in this matter, I'm thinking about how to spread the panic." He pointed to the black heads in the hall, "These are all free propagandists hired by the Federal Reserve for us, it's a pity not to make good use of them, and we have to be worthy of the appearance fee." ”

"You want?"

"Tell them that the people in line will be given a cup of coffee each, wait slowly, and don't worry......," Contini smiled slightly, "and said that noon is time, please leave 20 minutes for our staff to eat...... Then, what to do you know. ”

Francisco nodded: "I understand. ”

Livermore didn't understand and didn't dare to ask: he was an investor, not a banker, and he couldn't understand Contini's statements and ideas.

"You've had a hard time queuing! In order to apologize, the president personally allocated a fund to let everyone have a cup of coffee first, everyone lined up in the same place, and our staff will distribute it in turn, and the business hours will be suspended for 20 minutes at noon......"

The crowd was agitated and dissatisfied: "Why pause? Doesn't that mean it's open 24 hours? ”

"It's lunchtime, and our staff has been busy all morning without resting, give them 20 minutes to eat?"

These crowds really have nothing to say.

However, Livermore soon heard an employee whispering in the cafeteria: "It's still the president's wisdom, pause for 20 minutes, and if you don't pause the vault, the cash will be gone, and the new replenishment hasn't been picked up yet!" ”

"yes, yes, there are so many people, Fed dogs! Lao Tzu is obviously on vacation, this is good, don't say that it can't be faked, and you have to work overtime! ”

Livermore thought to himself: Why do you want to say "the vault is gone" when you have $200 million in cash and $150 million in cash on your account? ”

"Get out of the way, get out of the way......" With a loud shout, the heavily loaded guards rushed in, bringing one iron box after another, and some employees couldn't help shouting: "It's finally here, it's great, it's great, it's great, if we don't come again, we're going to see the bottom......"

Shao leaning, he seemed to realize something, and covered his mouth in surprise, but it was too late, and the crowd of people who were drinking coffee next to him in an orderly manner became anxious all of a sudden: "No money?" ”

"No, no, rich, rich......"

"And what did you mean when you said bottom-up?"

"I mean...... I mean...... I didn't say that. The employee slipped away in a panic.

The crowd was even more indignant: Union Bank is running out of money?

Soon the radio sounded: "Dear customers, our staff has finished the meal in advance, and now we are still open, we have sufficient cash and account reserves, please do not use false rumors ......"

Got it!

Livermore finally understood. Francisco is such a talent, not to mention the president, who simply uses people's hearts to the extreme. This kind of practice of truth and falsehood, fiction and reality is the most likely to arouse people's suspicions, such as the 20-minute pause just now, or the delivery of coffee to customers, people who know the inside story think it is normal, but those who do not know or only look at the appearance think that the Union Bank cannot hold on - doing everything possible to appease people's minds and delay time, which in turn explains a lot of problems.

Then those who withdraw money here, wait in line and wait for the meeting to go back and declare with great fanfare: Union Bank can't stand it, and you want to withdraw money quickly...... If this is the case with Union Bank, will other banks be able to stand alone? This is to set off a wave of runs and create a financial shock wave in the city......

Before he could return to the office, the second Psychic weapon detonated, and the voice of the staff began to echo in the hall:

"Due to the sharp drop in the stock market in the morning, in order to facilitate everyone to grasp the information in time, Union Bank will conduct a stock market broadcast and broadcast points for everyone in a timely manner...... The Dow Jones plunged 52 points in the morning and barely closed above 400 by midday, down more than 11% overall, with large blue-chip stocks down 9.46%......

Popular stocks have fallen sharply, among the large blue chips, United Bank fell the most, more than 24%, the Bank reminds investors, do not listen to rumors, the Bank is very financially healthy...... Other countries, General Motors, down 11.4%, General Electric 9.8%, American Telegraph and Telephone, 8.94% ......"

As a long list of numbers and stock prices came out, the crowd exclaimed one after another: "Oh my God! ”

"I want to withdraw money, withdraw money, I want to make a margin call......" A man suddenly became excited, ran out of the crowd, and rushed directly to the counter and shouted, "Do it for me first!" I'll do it first! ”

"Sir, please calm down!" The ubiquitous guard quickly appeared and quickly stopped him, "Everyone is queuing, please line up too......"

"It's too late, it's too late...... When I get the money, I won't have time to cover the position, let me take it first. ”

Just before the guards were about to drag the man out, a trembling old lady suddenly said: "Forget it, I don't speculate in stocks, don't rush to pay the deposit, let him take my place, I'll go to the back and line up." ”

After that, she walked towards the position where the man was queuing just now without looking back, although the conflict subsided in a short time, but a huge question mark emerged in the hearts of countless people: What the hell is going on?

PS: Continue to ask for a monthly pass, is there anything else?