Chapter 436 Selling Wave(1/2)
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 when people are in the game, as long as the result is not announced, they will still be frightened.
In particular, they use loans and leverage, and if they don't do well, they will lose everything.
Now, they come back and forth, and even if they stop, they have already made enough money.
Jesse Livermore and Thomas Lawson both made huge profits.
Even the money of Abraham Cohen, Rebecca Levi, and Zhao's disciple 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 ashamed when they saw him so calm.
This person is born to do great things.
At the close of the day, United Copper's share price fell to US$.
This surprised everyone at the exchange.
It’s like a roller coaster, how you get up and how you get down, even more intense.
Jesse Livermore and Thomas Lawson exult.
I Cao...Today was so damn exciting. They never expected that it would fall from US dollars to US dollars by the end of the day.
The increased operating space through borrowing allowed them to earn at least twice as much, which is so damn exciting!
This is 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 were surrounding the two of them, trying their best to praise them.
"The Wall Street Bear certainly lives up to its reputation."
"A great financial expert turns out to be a real talent!"
If it weren't for the tall figure in front of them, secretly dragging the two of them, they would have floated to the sky.
Thomas Lawson whispered: "How much did you earn?"
Jesse Livermore stretched out his five fingers: "Five million."
This is five times more than what he made from short selling in history!
Thomas Lawson's lips trembled: "I made more than three million, it really seems like a dream."
"As of today's close, the boss has probably made at least 100 million!"
"Hiss..."
Zhao Chuanxin held a cigar in his mouth, pushing with his left hand and pulling with the right, crowding the people in the exchange, and walked out calmly amidst the scoldings.
Later, Jesse Livermore and Thomas Lawson also benefited from him.
After going out, a group of them saw the frustrated 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 are indispensable.
Although 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 are really miserable today!
However, Charles Morse saw them, and a group of people came fiercely.
When people around looked at it, they thought, oh, there’s something good to watch!
Thomas Lawson saw him and pulled Zhao to pass on his clothes: "Boss, Morse and the others are here."
Zhao Chuanxin squinted his eyes and saw that the person 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.
I witnessed with my own eyes how Thomas Lawson and Jesse Livermore manipulated these unattainable "kings" into their hands.
They also followed the soup.
Therefore, they actually stood behind each other 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 Morse just came to accuse: "Lawson, Livermore, it's you, you must have manipulated the stock price..."
Jesse Livermore is actually not good at talking.
However, Thomas Lawson, who started his career as a penman, is not easy to talk about.
He sneered: "Mr. Ice King, and Mr. Copper King, you guys are ridiculous. Who is manipulating the stock market? There are so many people here, everyone is commenting. Who is it that is all over Wall Street warning short sellers not to mess with them?"
There are many short sellers, and some people shout: "You son of a bitch thinks he can cover the sky with one hand, he deserves it!"
"They are the ones to blame!"
Thomas Lawson pointed in a circle: "Listen, gentlemen, listen, this is the voice of the masses! The eyes of the masses are sharp!"
When Zhao Chuanxin took a look, it turned out that his hands were two doors, and he only relied on his mouth to hit people.
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 will immediately abandon this and that. It is really impetuous, so I don’t want to mention it.
Zhao Chuanxin saw someone holding a camera and a tripod and squeezing out of the crowd. They were skilled in their business, so he 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 film what you were doing?"
If they win a big victory, they will be happy to take a few photos as a souvenir.
The point is, the situation is extremely critical at this time, so why not take a photo?
Do you want to film 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 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. Do you think that the battle is over? Tomorrow, the stock price will fall from the US dollar to below the US dollar, which will cause a wave of selling!"
p>
Thomas Lawson and Jesse Livermore also understood this.
They just lamented Zhao Chuanxin's calmness, which is 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's face turned pale: "Should we..."
He only said half of it, but Fritz Heinze knew the other half: sell!
Even though the stocks have fallen badly, if they can sell all the stocks at the price of US dollars at this time, they can at least keep the capital of the coffin.
If panic has formed now and there are no takers at all, then at least we should find a way to hedge the risk by going short.
Charles Morse said angrily: "Absolutely not! We still have the strength to fight, and we still don't know who will win."
As long as the U.S. dollar's stock price is stabilized, there may be opportunities for it 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.
To be continued...