Chapter 436 Selling Wave

Don't look at Jesse Livermore and Thomas Lawson when they faced off against Fritz Heinze and the others, they looked like they were sure of victory.

But if you are in the game, you will still be frightened as long as the result is not announced.

In particular, they use loans and leverage, and if they do not do well, they will lose everything.

Now, they come and go, even if they stop, they have already made enough money.

Jesse Livermore and Thomas Lawson both made a fortune.

Even Abraham Cohen, Rebecca Levy and Zhao Chuanxin’s great disciple Benjamin Goldberg’s money has just doubled.

However, Zhao Chuanxin took out his cigar and lit "Let the bullets fly for another day."

The two of them couldn't help but feel ashamed when they saw him so calm.

He is born to do great things.

At the close of the day, United Copper’s share price fell to US$30.

This surprised everyone on the exchange.

It’s like a roller coaster, how you get up is how you get down, even more so.

Jesse Livermore and Thomas Lawson were ecstatic.

My Cao was so damn excited today. They never expected that it would drop from $63 to $30 by the close.

The increased operating space through borrowing allowed them to earn at least five times, which was so damn exciting

This was far more exciting than Jesse Livermore’s previous bet.

When walking out, Jesse Livermore and Thomas Lawson's legs were floating.

A group of traders who followed them, although not as crazy as the two bosses above, still took a sip of soup along with them.

Everyone was smiling happily, and stars surrounded the two of them, trying their best to praise them.

"The Wall Street Bear is indeed well-deserved."

"The master of finance turns out to be a real talent."

If it weren't for the tall figure in front, secretly pulling Looking at the two of them, they can float to the sky.

Thomas Lawson asked in a low voice, "How much did you earn?"

Jesse Livermore stretched out his five fingers and said, "Five million."

This is older than him This time I made five times more money from short selling

Thomas Lawson’s lips trembled as he said, “I made more than three million, it’s really like a dream.”

“Boss, as of today By the time the market closes, I'm afraid I've made at least 100 million."

"His"

Zhao Chuanxin held a cigar in his mouth, pushing with his left hand and pulling with his right hand, squeezing the people on the exchange. Staggering around, he walked out calmly amid the scoldings.

Later, Jesse Livermore and Thomas Lawson also benefited from him.

After going out, a group of them saw the lost Fritz Heinze and his gang.

Zhao Chuanxin held a cigar in his mouth and said, "Let's avoid them. After all, I am a kind person, and the loneliness of others is my weakness."

Jesse Livermore and the others themselves Nothing is impossible.

While it’s nice to be slapped in the face, adding insult to injury can easily leave a bad reputation on Wall Street.

Fritz Heinze and the others were really miserable today

However, Charles Morse saw them, and a group of people came in a menacing manner.

The people around looked at it and thought, oh, there is something good to watch

Thomas Lawson saw it and pulled Zhao to pass on his salary and clothes, "Boss, Morse and the others are here."

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Zhao Chuanxin squinted his eyes and saw that the person he was talking about was not kind.

The group of traders originally recruited by Thomas Lawson were still afraid of the reputation of the Ice King and the Copper King.

However, they personally participated in the battle today.

Witnessed with my own eyes how Thomas Lawson and Jesse Livermore manipulated this group of unattainable "kings".

They also drank soup.

So, they all stood in the back to show off their momentum, each with their chests high.

When night falls on Wall Street, the gas lights render the street somewhat melancholy.

The confrontation between two groups of Wall Street elites in suits was very interesting.

Zhao Chuanxin took off his suit and rolled up his shirt sleeves, "Damn, that's how life is, sometimes you have to challenge your weaknesses."

Thomas Lawson""

However, Charles Moores just came to accuse "Lawson, Livermore, it's you, you must have manipulated the stock price"

Jesse Livermore is actually not good at it Talkative.

However, Thomas Lawson, who started out as a penman, was not let down by his words.

He sneered, "Mr. Ice King, and Mr. Copper King, you are ridiculous. Who is manipulating the stock market? There are so many people present, everyone is commenting. Who is it that warns short sellers on Wall Street not to mess with them? "

There are a lot of short sellers, and some people shouted, "You son of a bitch thinks he can cover the sky with one hand, so he deserves it."

"It's their own fault."

Thomas Lawson pointed in a circle and said, "Listen, gentlemen, listen. This is the voice of the masses. The eyes of the masses are sharp." Zhao Chuanxin took a look and saw that his hands were two doors. Hit someone with your mouth.

Just spraying without practicing.

What is the difference between this and those little black people and trolls who have no psychological endurance? If they are slightly dissatisfied, they immediately give up this and that. It is really impetuous, so it’s okay not to mention it.

Zhao Chuanxin saw someone holding a camera and a tripod to squeeze out of the crowd. They were skilled in their business, so they immediately set up the tripod and prepared to take pictures.

Zhao Chuanxin twisted his waist and turned his head in the electric light, leaving only the back of his head for the camera.

Click

Charles Morse was furious, "Who asked you to take pictures of what you are doing?"

If they win a big victory, take some photos for your records Commemorating them is a joy to see.

The key point is that the situation is extremely critical at this time, so why not take a photo of them

Do you want to make a joke of them

p>

So Charles Morse and Fritz Heinze drove the reporters away.

Zhao Chuanxin took the opportunity to wink and withdraw.

The group of people filed out and scattered like birds and beasts.

After walking far away, someone said, "Mr. Lawson, should we go celebrate?"

Thomas Lawson looked at Zhao Chuanxin.

Zhao Chuanxin shook his head slightly and said in a low voice, "Today we just let retail investors see the failure of Heinze and his brothers. You thought the battle was over. Tomorrow, the stock price will fall from 30 US dollars to less than 10 US dollars. It will cause a sell-off”

Thomas Lawson and Jesse Livermore also understood this.

They just lamented Zhao Chuanxin's calmness, which was the style of a general.

Don’t be arrogant in victory and don’t be discouraged in defeat.

As a result, the group of people dispersed completely.

But Charles Morse, Fritz Heinze and Otto were not so calm.

Otto looked pale and said, "Shall we?"

He only said half of the sentence, but Fritz Heinze knew the second half of the sentence: sell

Don't It seems that the stock has fallen miserably, but if they can sell all the stocks at $30 at this time, they can at least keep their capital.

If panic has formed now and there is no taker at all, then at least we should find a way to short-sell to hedge the risk.

Charles Morse said angrily, "Absolutely not. We still have the strength to fight. We still don't know who will win."

As long as the stock price of $30 is stabilized, there may be a chance to rise.

In other words, everyone on Wall Street is confused about the situation now and can't figure out whether United Copper's stock price will fall or rise tomorrow, including Charles Morse and Fritz Heinze.

If they really hedge their risks, and someone buys the dip and goes long, and the stock price soars tomorrow, then they have 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 that much capital to hedge risks.

This is a mistake in the financial industry.

Completely confused.

Zhao Chuanxin summoned Thomas Lawson and Jesse Livermore in the evening, and only the three of them held a small meeting.

Jesse Livermore said, "Boss, we will wait until the stock price is below 10 US dollars before selling."

"No, we will start closing the position in stages from 15 US dollars." Zhao Chuanxin Although he knew that United Copper's stock price had fallen to $10 in history, he was unwilling to take the risk.

Thomas Lawson is very greedy. “Actually, as long as a wave of panic is caused, a lot can be done later.”

Jesse Livermore shook his head, “We have proven that we are right. That's enough. Next, we can only make small fuss."

He always likes to prove himself and enjoys the pleasure of betting, that's all.

Zhao Chuanxin took a sip of hot black tea and said, "We'll see about it tomorrow."

If there really were no controls, he would be happy to take out the suona and send the entire Wall Street away.

But the question is whether it will end if it gets too big.

In Richmond, Virginia, J Morgan frowned as he held the telegram brought by his secretary.

"United Copper was brought down by Lawson"

The secretary shook his head, "No, this matter is to be blamed on the Heinze brothers. They manipulated the stock price. It can be said that It’s your own fault.”

JMorgan’s eyes flashed.

The old guy is taciturn, but by no means a kind person.

The secretary asked "Do we need to find a way to stop it?"

"No." J Morgan decided to watch the fire from the other side and "see again. By the way, Thomas Lawson was sent to Zhao Chuanxin as a trader." Tell that to Kang Youwei."

Old Morgan is not a man of faith.

He teamed up with a group of people including Da Luo to deal with Zhao Chuanxin, but he just didn't want to plant a time bomb around him.

How can we allow others to snore and sleep on the side of the bed?

But he is not a living Bodhisattva.

The crisis of the leeks is the carnival of the giant crocodiles.

Wednesday, October 16, 1907, the weather was sunny and windy.

The major exchanges in New York were full today.

There are not only investors, but also journalists from all walks of life.

Opening

United Copper opened at $28, but fell to $24 in less than half an hour.

The impetuous atmosphere was like a random shock wave, shaking the hearts of the leeks back and forth.

There are some who are ecstatic, some who are dumbfounded, and many who are beating their chests and feet.

Some people slapped their thighs and almost broke their legs. They wanted to go short, but they felt that the stock price had fallen to the bottom and did not take action.

Some people lament and sigh, thinking that they can rebound at the bottom.

Leeks have more or less recognized the fact that the Heinze brothers failed in their position as banker

The selling wave began

The stock price plummeted, falling to 10 Dollar.

The Fritz Heinze brothers looked ashen.

Similar to the original history, they felt that there was still a turning point last night, but they did not expect that it would cause a wave of selling.

The Wall Street Journal reporter quickly recorded in his notebook that he had never seen such crazy selling on street exchanges

For the first time in history