Every securities firm that heard the news was now plunged into shock.
This was a short-selling battle they had never seen before, and everyone felt panic-stricken by this sudden advance.
It's always like this when sothing new erges, especially when this new thing is going to impact people's work.
While they were still imrsed in this change and did not know how to respond, the market gave them a direct answer!
Atlantic City Broadcast did not show any high-minded principles at this ti, frantically hyping the oil stock surge, and anwhile informing every listener in front of the radio that in such a favorable situation, Sinclair Oil Corporation's stock had begun to stagnate, not just stagnating but even regressing slightly.
Moreover, Atlantic City Broadcast also invited so-called economic experts to the studio; the audience might not understand those professional data that the experts spoke of, but there was one thing they did understand.
"Since US oil stocks are now performing strongly, why not hurry up and buy shares in these companies instead of wasting it on Sinclair Oil Corporation's stocks? Even if the short-selling battle ends, Sinclair Oil Corporation's stock price might rise, but the increase will definitely not be as substantial as those oil companies that haven't gone through a short-selling battle!"
With just this one statent, countless Wall Street securities firms received calls from their clients, instructing them to urgently sell their shares in Sinclair Oil Corporation!
Although they had already made contingency plans for such a situation, when Hein Howell was in the trading hall, hearing various traders shouting to sell Sinclair Oil Corporation's stock, he was still shocked!
It wasn't just Hein Howell who felt this way; other traders and stockbrokers were all the sa.
Everyone was unaccustod to the situation before their eyes.
Soon, news of this situation reached the upper echelons of Wall Street's major corporations.
"Contact Donnie, contact Donnie imdiately, ask if he is willing to sell a portion of Atlantic City Broadcast's shares. Tell him we are willing to offer a 20%, no, a 50% premium to acquire a part of Atlantic City Broadcast's shares!"
"I need data, I need data on all the national radio companies. I need you to find the most promising ones as soon as possible and tell them we want to give them money for their shares!"
"I don't care what thods you use; you must reach Donnie Block and tell him we are willing to give the best price, just to have the Atlantic City Broadcast's IPO handled by us!"
The keenness and greed of capital were fully displayed at this mont.
When this novelty appeared and instantly demonstrated powerful combat capability, all capital could think of was one thing: to join in.
Atlantic City, Block Tavern.
Inside Donnie's office!
William llon sat on the sofa, gazing at the incessant ringing of the phone on Donnie's desk and listening to the broadcast on the radio from Atlantic City Broadcast's economic channel about the short-selling war of Sinclair Oil Corporation, feeling sowhat dazed.
Like everyone who was experiencing this battle for the first ti, William llon was for the first ti realizing the potential uses of the radio.
Not only did it have such potential, but its power was so imnse!
At this mont, William llon began to doubt his own judgnt. Maybe Donnie's plan could really succeed!
"After this short-selling battle, Atlantic City Broadcast's valuation is feared to increase by at least 50%!"
William llon couldn't help but say.
There was a strong sense of envy in his tone. Before this, Atlantic City Broadcast's valuation had already reached 30 million US dollars. Now Wall Street had seen the power of Atlantic City Broadcast in the stock market and finally realized one thing: that Atlantic City Broadcast could not only influence political elections but could also affect economic trends.
"Even if this short-selling battle fails, Donnie has already beco a winner!"
Thinking of this, William llon couldn't help but continue to ask Donnie: "Did you also plan for this to happen?"
If that was the case, William llon was thinking of becoming friends with Donnie not just because he was following his uncle's advice but because he genuinely wanted to be friends with him from the bottom of his heart.
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While everyone's eyes were on the short-selling battle, Donnie simply made Atlantic City Broadcast show its face, thereby enhancing its valuation.
He thought he was on the third floor, and Donnie was on the sa level, but it turned out that the latter had already reached the fifth floor!
This was an admiration that ca from the heart!
Donnie replied with a restrained smile, "I did have such an idea, but this is just the surface glory. The people on Wall Street are not fools. They are just scared by what's before them right now. When they co to their senses, they will realize that such reporting does not have sustainability. So after the passion fades, Atlantic City Broadcast's valuation will still drop!"
"Even so, the valuation of Atlantic City Broadcast will still be higher than before!"
Saying this, William llon sighed: "I finally understand why you were so cautious during the negotiations with us regarding Atlantic City Broadcast!"
Donnie laughed and said, "For , every collaboration needs to be approached with caution!"
William llon said, "So this ti Sinclair Oil Corporation is dood to lose?"
Donnie's smile faded as he said calmly: "It won't be that easy; we are now going against the major trend, and the United States doesn't have just one radio station like Atlantic City Broadcast. I believe Harry Sinclair and others have started to reach out to other broadcasting companies."
"If I were them, I would definitely contact several companies to try and cover the whole country; then, it would be another war of attrition."
William llon looked at Donnie's expression and felt relieved. He knew that if Donnie could speak these words now, it ant that he had his own plans for the opponents' responses!
Thinking that every move of the opponents was within Donnie's plans, while William llon felt pity for them, he was also slightly alard. Encountering such an opponent was truly anyone's nightmare!
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