The mage in the late Qing Dynasty

Don't look at Jesse Livermore and Thomas W. Lawson, when they faced Fritz Heinze and the others just now, 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 borrowing and leverage, and if they do not do well, they will lose everything.

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

Jesse Livermore and Thomas W. 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 how calm he was.

He is born to do great things.

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

This surprised everyone at the exchange.

It's like a roller coaster, how you get up and how you get off, even more intense.

Jesse Livermore and Thomas W. Lawson rapture.

Oh my god...it was so damn exciting 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. It was so damn exciting!

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

As they walked out, Jesse Livermore and Thomas W. 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 W. Lawson whispered, How much did you make?

Jesse Livermore stretched out his five fingers: Five million.

This is five times more than what he made from short selling in history!

Thomas W. Lawson's lips trembled: I made more than three million. It's really like a dream.

As of today's close, the boss may have made at least 100 million!

hiss……

Zhao Chuanxin held a cigar in his mouth, pushed with his left hand and pulled with the right hand, crowding the people in the exchange, and walked out calmly amidst the scoldings.

Later, Jesse Livermore and Thomas W. 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, they have nothing to lose.

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 were really miserable today!

However, Charles Morse saw them, and a group of people came menacingly.

When the people around looked at it, they thought, oh, there’s something good going on!

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

Zhao Chuanxin squinted his eyes and saw that the person was evil.

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

However, they personally participated in the battle today.

I witnessed with my own eyes how Thomas W. Lawson and Jesse Livermore manipulated this group of unattainable kings.

They also drank the soup.

Therefore, they all stood at the back to show off their strength, each with their chests high.

As 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 W. 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 W. Lawson, who started his career as a penman, was not very talkative.

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

There were many short sellers, and someone shouted: You son of a bitch thinks he can cover the sky with one hand, he deserves it!

It's their fault!

Thomas W. 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 hit people with his mouth.

Just spraying without practicing.

What's the difference between this and those little black haters and trolls who have no mental capacity at all? If you are slightly unsatisfied, you will immediately give up this and that. It is really impetuous, so don't mention it.

Zhao Chuanxin saw someone holding a camera and a tripod and squeezing out of the crowd. They were skilled in their business, and 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: What are you doing? Who asked you to film it?

If they win a big victory, they would love to take some photos as a souvenir.

The point is, the situation is extremely dangerous at this time, so why bother?

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 dispersed like birds and beasts.

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

Thomas W. Lawson set his sights on 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 the battle is over? Tomorrow, the stock price will fall from US$30 to less than US$10, which will cause a wave of selling!

Thomas W. 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's face turned pale: Should we...

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

Although the stock has fallen miserably, 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 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 stock price stabilizes at $30, there may be opportunities for it to rise.

In other words, everyone on Wall Street is confused about the situation now, and they 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 W. Lawson and Jesse Livermore in the evening, and only the three of them held a small meeting.

Jesse Livermore said: Boss, we wait until the stock price is below $10 before we sell?

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

Thomas W. Lawson was very greedy: In fact, as long as it causes a wave of panic, there is a lot to be done later.

Jesse Livermore shook his head: We have proven that we are right, and that is enough. Next, we can only make a small fuss at best.

He always likes to prove himself and likes the pleasure of winning, 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.P. Morgan frowned as he held the telegram brought by his secretary.

United Copper? Lawson brought it down?

The secretary shook his head: No, this matter is to be blamed on the Heinze brothers. They manipulated the stock price. They brought it upon themselves.

J.P. Morgan's eyes flashed.

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

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

No. J.P. Morgan decided to watch the fire from the other side: Let's take a look. By the way, tell the man named Kang Youwei that Thomas W. Lawson was sent to Zhao as a trader.

Old Morgan was 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 you allow others to snore 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, was a sunny and windy day.

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 and 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.

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

Some people slapped their thighs so hard that they nearly broke their legs. They wanted to go short, but they thought the stock price had hit rock bottom and didn't take action.

Some people lamented and sighed, thinking that they could rebound at the bottom.

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

The sell-off begins!

The stock price plummeted, falling to $10.

Fritz Heinze's brothers looked ashen.

As in the original history, they thought there was still a turning point last night, but they did not expect that it would trigger a wave of selling.

The reporter from the Wall Street Journal quickly wrote in his notebook: I have never seen such crazy selling on street exchanges!

First time ever!

Not even the San Francisco earthquake last year can compare!