Chapter 436: Selling Tide
Don't look at Jesse Livermore and Thomas M. W. Lawson had just faced Fritz Heinze on the line, and he looked like he was winning.
But people in the game, as long as the results are not revealed, they will still be terrified.
In particular, they increase leverage through borrowing, and a bad one will lose all their money.
Now, once they come and go, even if they stop, they have already earned enough money.
Jesse Livermore and Thomas M. W. Lawson made a lot of money for both.
Even the money of Abraham Cohen and Rebecca Levy and Zhao's big apprentice Benjamin Goldberg has not only doubled.
However, Zhao Chuanxin took out his cigar and lit it: "Let the bullets fly for another day." ”
The two of them couldn't help but feel embarrassed when they saw him so calm.
It's a natural material to do great things.
At the end of the day, United Copper's share price fell to $30.
This came as a surprise to everyone on the exchange.
Like a roller coaster, how to get up, how to get down, even more ruthless.
Jesse Livermore and Thomas M. W. Lawson was ecstatic.
I'm Cao ...... It was so exciting today that they never expected it to fall from $63 to $30 by the end of the day.
The increased operating space of borrowing has made them earn at least 5 times, which is so exciting!
This is far more exciting than Jesse Livermore's previous bets.
While walking outside, Jesse Livermore and Thomas Livermore W. Lawson's legs are all floating.
A group of traders who followed them, although not as crazy as the two bosses above, also took a sip of soup with them.
Everyone smiled, and the stars surrounded the two of them, touting everything they could.
"The Wall Street Bear really lives up to its name."
"The financial master, it turns out that he is a real talent!"
If it weren't for the tall figure in front of him, secretly dragging the two of them, both of them would have floated out of the clouds.
Thomas S. W. Lawson whispered, "How much did you earn?" ”
Jesse Livermore held out five fingers: "Five million." ”
This is five times more than this short in his history!
Thomas S. W. Lawson's lips trembled: "I made more than three million, it really seems like a dream." ”
"As of today's closing, I'm afraid the boss has earned at least 100 million!"
"Hiss......"
Zhao Chuanxin held a cigar in his mouth, pushed his hand left and right, squeezed the people of the exchange, and walked out calmly in the midst of scolding.
In the back, Jesse Livermore and Thomas M. W. Lawson also stained him.
As soon as they went out, a group of them saw Fritz Heinze and his gang who had lost their souls.
Zhao Chuanxin took a cigar in his mouth and said: "Let's bypass them, after all, I am a kind person, and the loneliness of others is my weakness." ”
Jesse Livermore: They're all there to be.
Although it is cool to slap the face, it is easy to leave a bad reputation on Wall Street.
Fritz Heinze: They were really - miserable today!
However, Charles Morse saw them, and a group of people came in a rage.
The people around looked at it, and oh, there was a good show!
Thomas S. W. Lawson saw it, and Lala Zhao passed the salary clothes: "Boss, Morse they are here." ”
Zhao Chuanxin squinted his eyes and looked unkind.
Originally, Thomas S. A group of traders recruited by W. Lawson are also afraid of the reputation of the Ice King and the Bronze King.
However, they are personally involved in the war today.
Witness first-hand the sight of Thomas M. How W. Lawson and Jesse Livermore played this unattainable group of "kings" in the palm of their hands.
They also drank the soup.
Therefore, they actually stood behind them with a strong momentum, and their chests were tall.
On Wall Street at night, the gaslights render the streets a little miserable.
The confrontation between two groups of Wall Street elites in suits and leather shoes is very interesting.
Zhao Chuanxin took off his suit and rolled up his shirt sleeves: "Damn, being a man is like this, sometimes you have to challenge your weakness." ”
Thomas S. W. Lawson: "......"
However, Charles Morse only came to ask the guilt: "Lawson, Livermore, it's you, you must have manipulated the stock price......"
Jesse Livermore isn't really good at mouth guns.
However, Thomas J. W. Lawson, but not people.
He sneered: "Mr. Ice King, and Mr. Bronze King, they are very ridiculous. Who is rigging the stock market? With so many people present, everyone commented, who was all Wall Street warning the bears not to mess with them? ”
There are many people with empty heads, and some people shout: "The son of a bitch, who thinks she can cover the sky with one hand, deserves it!" ”
"They're to blame!"
Thomas S. W. Lawson pointed around: "Listen, gentlemen, listen, this is the voice of the masses!" The eyes of the masses are bright! ”
Zhao Chuanxin saw that his hands were two doors, and he relied on his mouth to beat people.
I can't practice it.
What's the difference between this and those little sunspots and trolls who don't have a little psychological capacity? If you are a little unsatisfactory, you will immediately abandon this and that, which is really impetuous, so don't mention it.
Zhao Chuanxin saw someone holding a camera and a tripod to squeeze out the crowd, and their business was skilled, so he instantly set up the tripod and prepared to shoot.
Zhao Chuanxin twisted his waist and turned his head in the electric light, leaving only the back of the camera's head.
Click......
Charles Morse was furious: "What are you doing? Who asked you to shoot it? ”
If they win, take a few photos to commemorate their success.
The point is, the situation is dangerous at this time, so what is the hair?
Shoot their jokes?
So, Charles Morse and Fritz Heinze drove the journalists away.
Zhao Chuanxin took the opportunity to make a look: withdraw.
A group of mermaids rushed out, scattering as birds and beasts.
After walking a long way, someone said, "Mr. Lawson, shall we go and celebrate?" ”
Thomas S. W. Lawson looked at Zhao Chuanxin.
Zhao Chuanxin shook his head slightly, and said in a low voice: "Today, I just let the retail investors see that Heinze and their brothers failed to sit in the bank, do you think the battle is over?" Tomorrow, the stock price will fall from $30 to below $10, causing a sell-off! ”
Thomas S. W. Lawson and Jesse Livermore know that, too.
They just sighed at Zhao Chuanxin's calmness, which is the style of a general.
Victory is not arrogant, defeat is not discouraged.
So, the crowd dispersed completely.
But Charles Morse and Fritz Heinze and Otto were not so calm.
Otto's face was pale: "Shall we ......"
He only said half of it, but Fritz Heinze knew the second half: sell!
Don't look at the stock falling badly, but if they can sell all the shares at a price of $30 at this time, they can at least keep the coffin.
If there is a panic now and there is no receiver at all, then at least find a way to short to hedge the risk.
Charles Morse said angrily: "Absolutely not! We still have the strength to fight, and it is not yet known who will kill the deer. ”
As long as the stock price of $30 is stabilized, there may be a chance to pull up.
In other words, everyone on Wall Street now is unclear about the situation and whether the United Copper stock will fall or rise tomorrow, including Charles Morse and Fritz Heinze.
In case they really hedge their risk, and someone goes long and the stock price soars tomorrow, then they would have had a chance to make money but will lose everything.
Moreover, even if they want to hedge now, the capital pool has bottomed out, and they don't have so much capital to hedge risks.
This is a wrong step in the financial industry.
It's a complete mess.
……
Zhao Chuanxin summoned Thomas J. in the evening W. Lawson and Jesse Livermore, only three of them had a small meeting.
Jesse Livermore said, "Boss, are we going to wait until the stock price is below $10 before we sell?" ”
"No, start with $15 and close the position in stages." Although Zhao Chuanxin knew that the stock price of United Copper had fallen to $10 in history, he was unwilling to take risks.
Thomas S. W. Lawson was greedy: "Actually, as long as you cause a wave of panic, there is a lot to be done later." ”
Jesse Livermore shook his head: "We've proven ourselves right, and that's enough." Next, the most you can do is make a small fuss. ”
He's always liked to prove himself, he loved the thrill of betting, and that's it.
Zhao Chuanxin took a sip of hot black tea: "I'll see it tomorrow." ”
If there really is no control, he is happy to take out the suona and send the entire Wall Street away.
But the question is whether it will end well if it makes a big fuss.
……
Richmond, Virginia, Morgan held the telegram brought by his secretary, and his brow furrowed into "Kawa."
"United Copper? Was Lawson the one who brought it down? ”
The secretary shook his head: "No, the Heinze brothers are to blame for this matter, they are the ones who manipulate the stock price, and it can be said that they are to blame." ”
Morgan's eyes twinkled.
The old guy is taciturn, but he is by no means a good kind.
The secretary asked, "Do you want to find a way to stop it?" ”
Morgan decided to watch the fire from the other side: "Let's see." By the way, put Thomas M. W. Lawson told Zhao Chuanxin about being a trader and told the man named Kang Youwei. ”
Morgan Sr. was not a good man.
He teamed up with a group of people, including Da Luo, to deal with Zhao Chuanxin, but he didn't want to plant a time bomb around him.
Can you allow others to snore on the side of the couch?
But he is not a living bodhisattva.
The crisis of the leeks is the carnival of the giant crocodiles.
……
On Wednesday, October 16, 1907, the weather was sunny and windy.
Today's major exchanges in New York are full.
There are not only shareholders, but also reporters from all walks of life.
Opening!
United Copper opened at $28 and fell to $24 in less than half an hour.
That impetuous atmosphere, like a shock wave rushing indiscriminately, vibrates the hearts of the leeks back and forth.
There are those who are ecstatic, those who are dumbfounded, and those who beat their chests and feet.
Someone slapped his thigh and almost broke his leg, which was trying to short, but he felt that the stock price had fallen to the bottom and did not make a move.
Some people lamented and sighed, which is considered to be a bottom-out rebound.
The leeks have more or less recognized the fact that the Heinze brothers failed to sit in the bank!
The sell-off begins!
The stock price plummeted and fell all the way to $10.
The Fritz Heinze brothers were dead.
As with the original history, they still felt that there was still a turnaround last night, and they didn't expect it to cause a sell-off.
And the reporter of the "Wall Street Journal" quickly recorded in the book: I have never seen such a crazy sell-off on the street exchange!
For the first time ever!
Not even last year's San Francisco earthquake could be compared!
(End of chapter)