Reborn in America, I am a legendary short seller on Wall Street.

Chapter 70 A Terrible Premonition (Bonus Chapter for Large Monthly Ticket Donation)
After two days of extravagant spending, Larry is now completely broke.

However, he wouldn't touch his savings yet, because he still had $18 in unclaimed travel expenses to Hartford, and $96 in unclaimed salary from 11 weeks at Paine Weber Securities.

The two items together amount to $114.

Larry then went to the finance department and withdrew the money, which was enough for his pocket money.

Today is Monday, and Larry's plan for this week is simple: try not to trade, keep the money he brought back from Hartford warm, and don't lose these easy dollars again in a rush.

Another point is Mr. Wallace's ongoing follow-up on Colt's financing plan, which Larry believes is the real key.

After all, this was his first time getting insider information. If he could get ahead of Colt Corporation before they finalized their plans for bond financing or stock issuance, he could make a lot of money, thus preparing for his trip to New York.

But we won't have any initial news until Thursday, because Colt will be holding a board meeting that day, and it will be Mr. Wallace's turn to make a move, so the earliest we can expect is Friday.

These three or four days of waiting for wealth to arrive have been truly lonely.

However, Larry isn't completely idle, even when he's working.

He also owns 1500 shares of local betting companies, with his largest holding being in Morgan Trust, the banking arm of J.P. Morgan, one of the most famous bankers in the United States, which contains some of Mr. Morgan's finest assets.

Larry was optimistic about the performance of bank stocks during the post-holiday economic recovery, and among bank stocks, Morgan Trust undoubtedly had the best fundamental momentum.

When the market opened on Monday, Larry received the latest price for the stock at $36.5, while Larry's cost was $32.8, which meant that 500 shares would have yielded a profit of at least $1800.

There is a lot of money, but Larry has diversified his investment across three betting companies, so it shouldn't be so much that he can't withdraw it all.

In addition, Larry also bought 400 shares of Rockefeller Oil, the oil company of John Davidson Rockefeller, another prominent trust owner in the United States at the time.

Rockefeller was the first billionaire in American history, and even the richest man in the United States 100 years later. His Standard Oil Company was the largest monopoly in the United States.

To be precise, the company listed on the New York Stock Exchange should be Standard Oil, but because of the existence of trusts with Standard Oil as the main entity, people are more accustomed to calling it "Rockefeller Oil".

Larry bought 400 shares of this stock at $31.9 each, and the current price is $36, resulting in a profit of less than $1700.

The other two are 350 shares of U.S. Steel at a cost of $16.5 each, and 250 shares of Carnegie Steel at a cost of $72.25 each.

Monday's quotes were $18.25 and $82.5 respectively.

Carnegie Steel, which Larry bought the least, actually saw the biggest price increase.

Larry was delighted, thinking that these stocks would help him accumulate the capital to go long on Colt later.

That afternoon, Larry was still working as a market analyst at the brokerage. While recording market data, he was also mentally reviewing the price movements of the four stocks he held.

The other three stocks either consolidated or rose slightly, which is consistent with the slow and steady growth characteristic of large-cap stocks.

But Larry keenly sensed that Carnegie Steel's stock price was unusual.

The stock price didn't fall; instead, it remained unchanged at $82.5. Strangely, the stock price was quoted frequently, as if the bulls and bears had agreed to stay in the same place.

Larry had a particularly bad feeling, but he couldn't quite put his finger on where the bad feeling came from.

Larry holds 250 shares of this stock, and his total profit has exceeded $2562, making it the most profitable of all his holdings. However, Larry now has a very bad feeling about it, especially after Carnegie Steel's hesitant and indecisive behavior this afternoon. Larry has a very strong urge to go to the betting company to buy back these shares and secure his profits.

But Larry hesitated, unsure whether this strange premonition was a continuation of the panic he felt after making money in Hartford.

Ten minutes later, Larry received the latest stock price: $82.6.

This is the first time the stock has been quoted below $82.5 since Saturday, but the mere 10-cent increase only amplified Larry's doubts, because according to general patterns, after such a long period of consolidation, the next breakout should be more aggressive.

Larry's strange idea of ​​buying back the stock intensified.

Larry glanced at the clock on the wall; it was 2:35 PM, just 25 minutes before the market closed. If he sped to Liberty Avenue on his bike, he should be able to close his position in time…

Larry thought about it and realized that it would be foolish to close his most profitable position based solely on a strange premonition.

While Larry was still struggling with this decision, Mr. Wallace, the front desk manager, suddenly came to call him.

Larry responded and then followed Mr. Wallace to the client's reception room.

Mr. Wallace looked at Larry and instructed, “Larry, I require you to go to the post office right now and retrieve the further information about that company’s bond financing that we’ve sent from the New York headquarters. We may need to provide it to the bosses there on Thursday.”

Mr. Wallace was being very cryptic. Colt was a sensitive word for Larry and him; the name couldn't be mentioned at all, and any business dealings with the company could only be handled by the two of them.

Larry hesitated, because going to the post office now would mean he wouldn't be able to get to the betting house on Liberty Avenue to close his position.

But the intense unease Larry felt about Carnegie Steel weighed heavily on his mind.

This was a particularly bad feeling; Larry had a similar feeling before in Hartford.

After pondering for a moment, Larry suddenly had a good idea. He immediately said to Mr. Wallace, "Okay, I'll go get the documents for you now. Please wait a moment."

After saying goodbye to Mr. Wallace, Larry rushed to the sales office warehouse, retrieved his bicycle, plopped down on the seat, and was about to go and buy back his 250 shares of Carnegie Steel without consulting him first.

Before he even started riding his bicycle, Larry felt that the seat was hard today, as if he had sat down on a hard stone road.

Looking down, I saw that the rear tire was flat.

Larry hesitated for three seconds before finally throwing his bicycle aside, running out of the business office, and hailing a horse-drawn carriage on the street.

After waiting for a long time without seeing the carriage arrive, Larry, growing increasingly impatient, frowned and ran to the crossroads of the old North Church, where he finally managed to flag down a carriage.

When the carriage arrived at the betting shop on Liberty Avenue, it was already 3:05 p.m., and the betting shop was no longer accepting customer orders.

Larry stood at the entrance of the betting house, watching the throngs of customers leave, his hand still clutching the two Carnegie Steel transaction slips in his pocket.

"Oh, my feelings are probably just from the anxiety I brought back from Hartford. Carnegie Steel has already broken out, and there's nothing to worry about with such a good-performing stock."

Larry reassured himself.

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(End of this chapter)