Little Warlord

Martin started buying Master shares and ate all the buy orders!

He was determined to kill the stock until the bears screamed. No one knew that behind Martin was the government of a country that supported him in all possible deals.

By the end of March, it looked like his goal was within reach.

On March 24, Master shares traded at $245 per share in the middle of the day and rose to $282 per share at the close. By April 1, the stock price reached $391 per share. Most of the owners of Master shares had already cashed out and sold their shares to Martin, who was effectively the only buyer on the market.

The bears, who were previously short at $130 per share, are now facing extinction.

If Martin had all the Masters shares in their hands, they would have to close their positions by buying shares from him at the sky-high price offered by Martin. However, there are still some die-hards among the bears who continue to sell short, borrowing shares from Martin and selling them to him at a higher price.

If Martin can successfully kill the air, under the normal rules of the game, their behavior is tantamount to suicide.

Because the short sellers borrowed their shares from Martin, Martin knew who they were – most of them were members of the exchange, and some of them were members of some of the exchange's important committees.

On March 31, Martin was summoned by the Exchange's Business Conduct Committee to explain the movement of Master's stock. The committee members certainly already know the real reason why the stock has soared.

Martin, knowing that they were knowingly asking, politely explained: "The change in Master stock is because he already owns all the Master stocks."

In other words, he's shorting the stock. At the same time, he opened his price code, and the bears could close their positions by buying Master shares from him at $750 per share.

The bears decided to stick to the end. That afternoon, Martin was told that the exchange was considering delisting Master, which meant Martin would not be able to sell his shares. Martin's response to the Exchange Committee was: "If they do, the closing price will be $1,000 per share, not $750 per share." ”

But... Curiously, in the minutes leading up to the 3 p.m. close, short selling continued on the floor, with bears continuing to borrow shares from Martin, the only source of Master stock on the floor.

As soon as the stock market closed... The real reason for this seemingly "gravedigging" of the bears for themselves became clear at once.

The Board of Governors of the New York Stock Exchange, the highest authority of the stock exchange at 8 Broad Street, announced that they had unanimously decided to suspend trading in Master shares.

A reporter pointed out that this kind of thing had never happened before, and that there was no legal basis for the exchange to do so. In the face of such criticism, the spokesperson of the exchange replied: "The exchange can do whatever it wants!" ”

In the history of Wall Street, no matter what trickery has occurred, there are still two rules of the game that have never been desecrated.

The first is "a deal is a deal", that is... When the buyer and seller agree on the price, the transaction is completed, and the transaction is settled at the originally agreed price, regardless of any subsequent changes in the stock price before the stock is settled.

The second is that if this rule is not strictly enforced, then no one can imagine how the capital market can function normally in such a fast-changing and huge free market.

The exchange, on the other hand, can do anything that no individual can ever do, even though its privilege is supposed to serve the public interest.

On April 5, the exchange declared all of Martin's contracts null and void... "The New York Stock Exchange will not treat failure to deliver Masters shares on time due to the inability to obtain them as a breach of contract," he added. ”

In other words, the timeless adage – "If he sells it short, he must buy it back... Otherwise, you will go to jail", it will not work for those who are deeply connected with the exchange.

The same sacred rule is that the implicit rights of the sī person in the contract are inviolable, that is, neither the buyer nor the seller can reveal who the other party to the contract of sale is!

According to J.P. Morgan, no businessman wants to do business with a "clear pocket." A bluff in a contract can mean the complete destruction of a well-organized investment operation. …,

The New York Stock Exchange, convinced that Martin would not know who the bears were in the battle to kill the Masters, made up lies at will, and its spokesman brazenly said that the bears were mostly law-abiding ordinary people. A family girl in a small town named "Dubuk" made up by the bears would be a big short in Master stock, and people know that it is complete nonsense when they hear it... So when this lie of the exchange appears in the newspapers, people don't even bother to refute it. Martin, for his part, completely ignored the New York Stock Exchange's statement that his contract was null and void, and wrote to the exchange anyway, suggesting that the two sides reach a compromise so as not to cause more trouble for the bears. The New York Stock Exchange did not respond to this.

Right now, almost everyone on Wall Street is excitedly following the contest. People gathered in front of the brokerage company's notice board instead of the stock offer board, nervously waiting for the warring sides to issue the latest statements.

Martin knew that his image as a weak man fighting against a group of people in power had a huge incendiary momentum. On April 13, he submitted his resignation to the exchange, resigning from the exchange, in which he wrote: "As long as you are only responsible for your own interests, as long as you can make your own rules. As long as you continue to let your personal interests influence your discussions, your judgments, your decisions. Out of my pride, I am ashamed to be with you. ”

Martin's resignation also freed him from the rules of the exchange, that is, he was freed from the Wall Street code of conduct, at least as he himself believed.

Martin quickly handed over a list of nine members of the exchange to the New York World, and although he did not say so, he suggested that they had all sold him Master shares, but had not yet been delivered.

The nine members were quick to deny that they or their company had shorted Master shares, and of course, they also claimed that they had done something similar for their clients.

However, it goes without saying that a broker should be responsible for all his trades, whether he is doing it for himself or for his clients.

Immediately, rumors began to spread, ranging from the government's imminent strengthening of external oversight of the New York Stock Exchange to the idea that a mysterious organization would back Martin with his vast assets.

The New York Stock Exchange began to change its tune, issuing a statement saying that what it was doing was purely to protect innocent investors, not the bears of Master stock. It also abruptly decided that "the settlement of these short sale contracts will ultimately be settled by negotiation between the parties."

Martin was quick to take advantage of the favorable situation, and he demanded that the bears fulfill their promises. In other words, he formally asked the bears to close their positions and pay him Master shares. If the bears do not have the shares in their hands, according to the rules of the exchange, he has the right to "buy on his behalf", that is, he can buy the shares that the bears owe him from himself in the name of the bears and set the price at will.

And the bears have no choice but to pay this price, if they can't pay, they will face the tragic end of bankruptcy and disappear in this gambling room.

On April 20, the exchange's Investor Protection Committee ceased its resistance, admitting that it represented more than 58 companies that had shorted a total of 5,500 shares of Master stock. Of course, the actual number is much more than that, and it was only published to deal with the public.

A coordination committee was then formed, most of which consisted of bankers who had lent money to Martin for the short spell, and they tried to find a compromise between Martin and the bears, but the two sides could not reach an agreement, so Martin announced that he would "buy" the shares "on his behalf" at 10 a.m. on April 24.

Since Master shares had been suspended from trading on the New York Stock Exchange, Martin bought them at the "roadside market" on the sidewalk of Broad Street, and because Martin had withdrawn from the New York Stock Exchange, he was justified in buying and selling the shares freely on any other market he could find.

April 24 is a Saturday, and at this time on Wall Street, Saturday is still a half-day workday.

On this day, the broad street was crowded with people, and everyone put down what they were doing and ran to see how the show ended. At this time, the Coordination Committee was still meeting in a nearby law firm!

In the end, the bears finally realized that they had no choice but to surrender.

But at what price point? Each of the 58 bears wrote down a price on a piece of paper that they could afford, and then took the average of them. The end result: they are now paying $550 per share for Master's shares, which were only $100 per share on Jan. 1.

They squeezed through the crowd to Martin's office, and Martin immediately accepted the price. The battle for the Masters stock is over, and Martin's profit from it is roughly a huge and terrifying $1.5 million!

It's a one-man victory!

In the eyes of the Americans, Martin used the power of "one man" to defeat the New York Stock Exchange and those unbeatable, hateful bears!

The New York Stock Exchange, a behemoth, suffered one of the most terrible fiascos in history!

But Martin knew that what supported him was a country and their head of state: Wang Hengyue!。