America 1919

Many things are difficult because of their beginnings; the initial capital is often the hardest to earn.

"As long as we have achieved this, then for our short-selling campaign, it has already played a significant role!"

Andrew Mellon thought for a moment, his eyes lighting up, and said, "Do you mean that, perhaps from today onwards, it will no longer be just you selling the Sinclair Oil Corporation's stock?"

Donnie looked at the time and smiled, "The opening time for the NYSE is almost upon us, perhaps we can let the facts answer us!"

.

Dang!

With the sound of the gong in the NYSE, the American stock market officially began for the day!

Just like yesterday, everyone in the trading hall was looking at Jesse Livermore's situation. When they heard that Jesse Livermore's side had directly sold 50,000 shares of Sinclair Oil Corporation's stock, everyone knew that today's "Wall Street Journal" report had no impact on Jesse Livermore, or rather on Donnie Block backing Jesse Livermore.

Helen looked at the bustling trading hall and, in the midst of the crowd, spotted Walker who hadn't appeared earlier. Communicating through eye contact, Walker then headed towards another brokerage firm's trading floor.

The shares of Sinclair Oil Corporation sold by Jesse Livermore were quickly bought by people from Morgan. This had become the norm over the course of the day, and nobody was curious.

But ten minutes later, the trading floor was again filled with noise about the selling of Sinclair Oil Corporation's stock, just as everyone still thought it was Jesse Livermore's operation.

They heard that this batch of sales came from a trading seat of another brokerage, and it was only 1,000 shares.

Everyone was briefly stunned, wondering who had the foolhardy nerve to follow Jesse Livermore's lead and sell at this time.

But they didn't think too much of it, assuming it was some ordinary stockholders who were panicking under the circumstances.

Such events occurred thousands of times a day on Wall Street; nobody took it to heart.

It was only when such voices rose and fell from different trading seats that they began to truly pay attention to the matter.

"What's going on?"

In Morgan's office, Harry Sinclair looked puzzled at Hein Howell after learning about the situation outside.

Hein Howell also looked perplexed, "That's not right. Today's 'Wall Street Journal' clearly stated that Donnie's actions were foolhardy, so why are others following suit?"

Maciej Buck said with some concern, "Manager, we don't have time to ponder these things right now. I believe that today, quite a few people in brokerage firms are monitoring the trading situation of Sinclair Oil Corporation's stock. If they see so many people selling off Sinclair Oil's stock, it will definitely trigger a panic. If that leads to a widespread sell-off, we'll be in trouble!"

Hein Howell immediately nodded, "Exactly, tell our people, no matter how many outside are selling Sinclair Oil Corporation's stock, we buy it all!"

Maciej Buck nodded and hurriedly left the office.
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It was only then that Hein Howell had time to reassure Harry Sinclair: "Harry, you don't have to worry. Look, these sales are only in the thousands or hundreds, not many at all. They're probably just individual investors. As long as we hold steady through this sell-off, there will be no problems!"

Harry Sinclair was somewhat reassured but still couldn't comprehend, "The 'Wall Street Journal' has already criticized Donnie Block's actions, so why would people still be fooled?"

After thinking for a moment, Hein Howell explained, "It must be a herd mentality. Although the 'Wall Street Journal' criticized Donnie Block's actions, it also reported on Donnie's situation. This might make some mindless people believe that Donnie Block could be a business genius. Plus, with Jesse Livermore as Donnie's trader, more people will pay attention."

"No matter what, the foundation of the oil stocks is here. We can't possibly lose. Once these people see our determination, they will give up such behavior!"

Harry Sinclair nodded in resignation.

Not every stockholder would be in the trading hall to watch the transactions. Most people actually learn about these events through news reports or by talking on the phone with stockbrokers from their own brokerage firms.

This was also the basis of Hein Howell's confidence.

Stock trading wasn't like the future where you could follow every stock's performance in real-time through computers or TV news. Most people could only find out through the two aforementioned methods.

So, as long as the situation was within an acceptable range, Hein Howell judged that such sales were only temporary.

The whole morning passed by just like that.

In fact, events turned out as Hein Howell had anticipated; indeed, after the large amount of selling in the morning, the number of sales of Sinclair Oil Corporation's stock decreased in the latter half of the afternoon, with the focus largely remaining on Jesse Livermore.

Noon!

Hein Howell and Harry Sinclair had lunch together.

"Hein, thank you for this morning. If you hadn't been there, I really would have been panicked!"

Harry Sinclair raised his glass to express thanks to Hein Howell.