America 1919-Chapter 441 - 175. Ultimate Reversal (10,000-Word Mega Chapter, Debt Repayment...)_2
William Mellon couldn’t help but fix his gaze on John, who was playing with his fingers, while Donnie shook his head suspiciously.
But no matter what, since the other party had made the first move, they would naturally start reacting immediately.
Soon, Jesse Livermore sold off 100,000 shares of Sinclair Oil Corporation’s stock.
As if agreed upon by both parties, no sooner had the selling started on one side than the other immediately picked it up, without the slightest pause.
Even the hostile takeover bids continued, suggesting a rhythm determined to fight to the bitter end.
Thus, the whole morning, while everyone was still unclear about Harry Sinclair’s strategy, this battle persisted.
All the listeners huddled around their radios might have been hearing dry numbers, but they still felt their blood boil with excitement.
"I never thought the stock market battle could be this thrilling, even more so than the previous fight between Jack Dempsey and George Caponti!"
"Of course, it’s exciting! All those are streams of US dollars we’re talking about, not just some numbers!"
"By the way, have you calculated how many US dollars have been spent by both sides until now?"
"Who has time to calculate? They’re going back and forth so fast, there’s no time for us to tally!"
"That’s true, but judging by Sinclair Oil Corporation’s response, I think they really might not have any problems, otherwise how could they dare to pick up so eagerly?"
"I think so too. Moreover, have you noticed? At the close of the morning, Sinclair Oil Corporation’s stock price had risen to 45 cents per share, just 5 cents shy of their peak price!"
Such discussions took place among every audience group with a radio.
It was also the talk among the stockbrokers and security firms during the midday break.
Sinclair Oil Corporation’s desperate buying gave these people a strong psychological hint.
"It looks like Sinclair Oil Corporation really did prepare a massive amount of cash during these two days, otherwise, they couldn’t have done this!"
"With this tit-for-tat, it looks like this short-selling battle won’t last much longer!"
Relative to the average onlookers, these people understood the market better and knew that the short-selling battle had reached the point of no return.
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At this stage, all the plots and schemes had become mere auxiliary means; now, the real determinant of victory for both sides was the capital they had at hand!
However, in everyone’s eyes, Sinclair Oil Corporation seemed to have the upper financial hand!
But these people still didn’t understand the true state of affairs between the two sides. On the side viewed as advantageous, Sinclair Oil Corporation, Hein Howell was grumbling at Harry Sinclair. Your next chapter awaits on novelbuddy
"Harry, what were you thinking, why the rush? I clearly told you we needed to be cautious, cautious. Now look, your tactics have caused them to lose their rationale as well and they’ve started furiously offloading Sinclair Oil Corporation’s stocks. Do you know how much we’ve spent just this morning?"
Harry Sinclair, with sunglasses on, wished he could wear a mask if possible, as his current appearance was just too embarrassing... the bruises on Harry Sinclair’s face hadn’t even faded yet!
"Didn’t you say they didn’t have much of Sinclair Oil Corporation’s stock left in their hands? If that’s the case, why don’t we just finish it quickly, end this damn fight? I want Donnie to beg me, I must make him beg me!"
Even though the sunglasses covered most of Harry Sinclair’s face, from his tone and the remaining half of his visible face, Hein Howell could still sense that Harry must be looking particularly fierce.
"Harry, can you tell me, what exactly happened in Atlantic City? Did Donnie do something underhanded? I will definitely bring it up with the higher-ups, Donnie is breaking the rules!"
"It’s nothing!"
Harry Sinclair immediately retorted, "I’ve already told you, the injury on my face happened when I accidentally bumped into something on the train!"
Hein Howell, looking at Harry Sinclair with resignation, shook his head and said, "Alright, what’s the plan for this afternoon then?"
According to Hein Howell’s plan, they were supposed to advance cautiously, but he was just an employee, after all. If Harry Sinclair insisted on buying aggressively, there was nothing he could do.
He could only do as Harry Sinclair requested.
"We press on, I believe Donnie can’t have much stock left. This afternoon, I want to end this battle!"
Harry Sinclair said through clenched teeth.
Hein Howell could only nod helplessly.
While they were discussing the matter, Helen also had a phone call with Donnie.
"What in the world happened to Harry Sinclair in Atlantic City? Did you insult him?" The usually unflappable Helen’s voice sounded genuinely curious over the phone.
Donnie, massaging his forehead and glancing at John and Dwight sitting beside him, shook his head helplessly, "I’ll tell you when you get back."
Then Donnie asked Helen, "What does Jesse think about Sinclair Oil Corporation’s actions this morning?"
Helen replied, "Jesse thinks this outcome is more favorable for us. After all, our plan at this stage is to drain all available cash that Harry Sinclair can mobilize. Since they want to settle the battle in one go, we might as well go along with them; it fits into our strategy anyway!"