mage in the late qing dynasty

Chapter 437 Selling Tide

Don't look at Jesse Livermore and Thomas W. Lawson when they just played against Fritz Heinze, they looked like they were sure of winning.

But people in the game, as long as the result is not announced, they will still be terrified.

In particular, they increase leverage through borrowing, and a bad one will lose everything.

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

Jesse Livermore and Thomas W. Lawson both made big money.

Even the money of Abraham Cohen and Rebecca Levy and Benjamin Goldberg, Zhao Chuanxin's great apprentice, has not just doubled.

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

Seeing him so calm, the two couldn't help but feel ashamed.

This is the material for great things.

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

This surprised everyone on the exchange.

It's like a roller coaster, how you go up and how you get down, it's even more ruthless.

Jesse Livermore and Thomas W. Lawson ecstatic.

I Cao... Today was so fucking exciting, they never expected that it would drop from $63 to $30 by the close.

The increased operating space of borrowing has allowed them to earn at least 5 times, which is so fucking exciting!
This is far more exciting than Jesse Livermore's previous bet.

Both Jesse Livermore and Thomas W. Lawson had their legs floating while walking outwards.

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

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

"The Bear of Wall Street really lives up to his reputation."

"Financial mastermind, it turns out that he is a real talent!"

If it wasn't for the tall figure in front of them secretly pulling the two of them, both of them would have drifted away.

Thomas W. Lawson whispered, "How much did you make?"

Jesse Livermore held out five fingers: "Five million."

This is five times more than his short selling in history!
Thomas W. Lawson's lips trembled: "I made more than 300 million, it really seems like a dream."

"The boss has probably made at least [-] million by the end of today's market!"

"hiss……"

With a cigar in his mouth, Zhao Chuanxin pushed his left hand and pulled his right hand, squeezing the people in the exchange to this side, and walked out calmly amidst a lot of scolding.

Later, Jesse Livermore and Thomas W. Lawson also dipped his light.

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

Zhao Chuanxin said with a cigar in his mouth, "Let's avoid them. After all, I am kind. Others' loneliness is my weakness."

Jesse Livermore They can do it all.

Although it is cool to slap in the face, it is easy to leave a bad reputation on Wall Street when you get hit.

Fritz Heinze They really are today - miserable!
However, Charles Morse saw them, and a group of people came menacingly.

When the people around saw it, hey, there is a good show to watch!
Thomas W. Lawson met and pulled Zhao Chuanxin's clothes: "Boss, Morse and the others are here."

Zhao Chuanxin squinted his eyes to see that the person was not kind.

A group of traders originally recruited by Thomas W. Lawson were also intimidated by the reputation of the Ice King and the Bronze King.

However, they personally participated in the war today.

Witness first-hand how Thomas W. Lawson and Jesse Livermore put this group of unattainable "kings" at their fingertips.

They also followed suit.

So, they stood in the back in unison with great momentum, each with their chests raised.

As night fell on Wall Street, the gas lamps rendered the streets somewhat melancholy.

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 the sleeves of his shirt: "Damn it, that's just how people are. Sometimes you have to challenge your weakness."

Thomas W. Lawson: "..."

However, Charles Morse just came to ask the teacher: "Lawson, Livermore, it's you, you must have manipulated the stock price..."

Jesse Livermore is actually not good at talking.

However, Thomas W. Lawson, who started his career with a pen, did not let people speak.

He sneered and said, "Mr. Ice King, and Mr. Copper King, you guys are ridiculous. Who is manipulating the stock market? There are so many people present, everyone judges, who is going all over Wall Street to warn short sellers not to mess with them?"

The short sellers were there, and some were shouting, "The son of a bitch thinks he can cover the sky with one hand, and he deserves it!"

"It's their own fault!"

Thomas W. Lawson pointed around: "Listen, gentlemen, listen, this is the voice of the crowd! The eyes of the crowd are discerning!"

Zhao Chuanxin saw that the hands were two doors, and they beat people with their mouths.

Just spray but not practice.

What's the difference between this and those little blackheads and trolls who don't have the mental capacity to bear it?If there is a slight disappointment, immediately abandon this and that, it is really impetuous, so don't mention it.

Zhao Chuanxin saw someone squeezing out the crowd with a camera and a tripod. They were proficient in their business, and immediately set up the tripod and prepared to shoot.

Zhao Chuanxin twisted his waist and turned his head in the blink of an eye, leaving only the back of his head for the camera.

click...

Charles Moores was furious: "What are you doing? Who asked you to film it?"

If they win big, take a few photos to remember them and they will be happy to see it.

The point is, the situation is in dire straits at this moment, so what's the point?

Shoot their jokes?
So Charles Morse and Fritz Heinze drove the reporters away.

Zhao Chuanxin took the opportunity to wink: Withdraw.

A group of people filed out, scattered like birds and beasts.

After a long walk, someone said: "Mr. Lawson, shall we go and celebrate?"

Thomas W. Lawson looked at Zhao Chuanxin.

Zhao Chuanxin shook his head slightly, and said in a low voice: "Today, retail investors just saw that Heinze and his brothers failed to take the position. Do you think the battle is over? Tomorrow, the stock price will drop from $30 to below $10, which will cause a wave of selling!" "

Thomas W. Lawson and Jesse Livermore also understood this truth.

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

Win without pride and lose without discouragement.

As a result, a group of people dispersed completely.

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

Otto paled: "Should we..."

He only said half of it, but Fritz Heinze knew the second half: Sell!

Although the stock has fallen badly, if they can sell all the stock at a price of 30 US dollars at this time, they can at least keep the coffin.

If panic has formed now and there is no receiver at all, then at least find a way to go 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 win the battle."

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 and whether the stock price of United Copper will fall or rise tomorrow, including Charles Moores and Fritz Heinze.

If they really hedged their risks, and someone bought the bottom and went long, and the stock price soared tomorrow, they would have a chance to make money but they would lose it all.

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 by the financial industry.

Totally messed up.

……

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

Jesse Livermore said, "Boss, are we waiting for the stock to go below $10?"

"No, the position will be closed in stages starting from US$15." Although Zhao Chuanxin knew that the stock price of United Copper had fallen to US$10 in history, he was unwilling to take risks.

Thomas W. Lawson was very greedy: "Actually, as long as a wave of panic is caused, things can be done later."

Jesse Livermore shook his head: "We have proved ourselves right, and that's enough. Next, we can only make small troubles at most."

He has always liked to prove himself and the thrill of betting, and that's all.

Zhao Chuanxin took a sip of hot black tea: "We'll see it tomorrow."

If there is really no control, he would be happy to take out the suona and send the whole Wall Street away.

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

……

In Richmond, Virginia, JP Morgan frowns into "Chuan" while holding a telegram brought by his secretary.

"Consolidated Copper? Did Lawson bring it down?"

The secretary shook his head: "No, the Heinze brothers are to blame for this matter. They are manipulating the stock price. It can be said that they have to blame themselves."

There was a gleam in JP Morgan's eyes.

The old fellow was taciturn, but by no means kind.

The secretary asked: "Do you want to find a way to stop it?"

"No." JP Morgan decided to watch from the other side: "Look again. By the way, tell Kang Youwei about Thomas W. Lawson being Zhao Chuanxin's trader."

Old Morgan was no good man or woman.

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.

How can others sleep on the side of the couch?

But he is not a living Bodhisattva.

The crisis of leeks is the carnival of giant crocodiles.

……

Wednesday, October 1907, 10, was sunny and windy.

Today's major exchanges in New York are full.

There are not only shareholders, but also various reporters.

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

That impetuous atmosphere, like shock waves colliding randomly, shook 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.

Some people slapped their thighs and almost broke their legs. This is because they want to short, but they think that the stock price has fallen to the bottom and they don't make a move.

Some people sighed, because they thought they could buy bottoms and rebound.

The leeks have more or less recognized the fact that the Heinze brothers have failed!

The sell-off has begun!
The stock price plummeted, all the way down to $10.

The faces of the Fritz Heinze brothers were ashen.

Just like the original history, they felt that there was still a turning point last night, and they did not expect to cause a wave of selling.

And the reporter of the "Wall Street Journal" quickly recorded in the notebook: I have never seen such a crazy sell-off on the street exchange!
For the first time ever!
Even last year's San Francisco earthquake can't compare!
(End of this chapter)