Rows of towering skyscrapers could not block the piercing sunlight above Manhattan.
Harry Sinclair held a copy of the "Atlantic City Post" in his hands, standing at the entrance of the NYSE, but ultimately, Harry Sinclair did not muster up the courage to go inside.
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It wasn't because he hadn't been able to borrow money, which made him certain of his defeat today, but because of an article in the "Atlantic City Post."
The article detailed the reasons why Donnie Block had shorted the Sinclair Oil Corporation.
A righteous reason, one that, after the short selling battle of these past few days, was enough to make all retail investors frantically sell off the Sinclair Oil Corporation stock, a reason that Harry Sinclair knew of, but had never anticipated!
It turned out that the "Atlantic City Post" published a piece about a very significant project of the Sinclair Oil Corporation.
That was the oil field belonging to Sinclair Oil Corporation, the Teapot Do oil field!
At first glance of the article, Harry Sinclair got a shock, thinking Donnie had exposed the insider information of him obtaining the contracting rights to the Teapot Do oil field.
But after reading the full article, he realized it was worse than if they had just reported on his illicit contracting of the Teapot Do oil field!
In this report, the "Atlantic City Post" insinuated that Sinclair Oil Corporation had spent a huge price to get the contracting rights to the Teapot Do oil field!
Having spent a great deal, for Sinclair Oil Corporation, ant they needed to develop the Teapot Do oil field in the shortest ti possible to generate profits for the company.
In the course of this process, Sinclair Oil Corporation encountered problems constructing the Teapot Do oil field; equipnt couldn't be transported in, and crude oil couldn't be shipped out—the reasons...
Those in the know, naturally, were aware that this was Donnie's deliberate doing, but for the clueless masses who didn't even know the Teapot Do oil field had been contracted out, it was an unknown reason to everyone!
The entire article used a subtle and indirect style, emphasizing the difficulties of constructing the Teapot Do oil field, even adopting a technique of angled photography to capture pictures of the Sinclair Oil transport convoy stuck on the road.
Alright!
With pictures, with content, everything was now set in stone!
In reality, this report was full of holes, and any diligent person could find many flaws with a careful analysis. However, due to Donnie's continuous groundwork beforehand...
Who had the mood to care about loopholes?
As the gong sounded in the trading hall, the NYSE opened!
For the first ti after the opening bell rang in the NYSE trading hall, it did not imdiately enter a trading state. Everyone was looking at Jesse Livermore's seat, and as soon as the news of selling Sinclair Oil Corporation stock ca from Jesse Livermore's trading seat, everyone instantly entered a frenzied state.
In a bull stock market, the the at NYSE today was nonetheless selling, continuous selling, and what was being sold was the sa stock.
The Sinclair Oil Corporation stock!
In the first minute of trading, Sinclair Oil Corporation's stock price dropped from yesterday afternoon's closing price of 53 cents to 52 cents, then 51 cents, 50 cents, 49 cents...
Hein Howell was not in Morgan's office today but at Morgan's trading seat. When he saw Sinclair Oil Corporation's stock price plumting like a rollercoaster, Hein Howell gave up all struggle.
Actually, by this ti, he also knew that struggling was useless!
Sinclair Oil Corporation stock would be recorded in the history of Wall Street as the first, not due to company operations or environntal impacts, but a man-made collapse!
At this mont, let alone Harry Sinclair failing to raise the funds, even if he had raised the money and entered the vast ocean of today's market, he probably wouldn't stir up a single splash.
Inside the trading hall, all the stockbrokers were busy with their tasks, while occasionally glancing at Jesse Livermore.
Although by this ti everyone knew that Donnie Block was the one who shorted Sinclair Oil Corporation, as the manipulator behind this war, Jesse Livermore would wear the crown of Wall Street's master trader... It was bestowed upon him by others, not claid by himself!
From now on, Jesse Livermore would beco a living legend of Wall Street, receiving the admiration of every trader!
In Manhattan Square, a despondent Harry Sinclair sat on a bench, surrounded by the laidback crowd that's rare to see in Manhattan—so feeding pigeons, so performing music, and so just sitting there resting.
Amid the hustle and bustle of Wall Street, these people seed to be in a world apart.
Harry Sinclair didn't know why he ended up here. He just wanted to find a quiet place for his tense nerves during this period.
An hour later, Harry Sinclair stood up, expressionless.
He returned to the hotel where he was staying.
"Boss, where have you been? The company's stock has already dropped to 41 cents. Atlantic City Broadcast predicts that by the close this morning, the stock price will fall below the 40-cent mark. The company's accountant estimates that if we don't have corresponding asures, the stock price could very likely plumt below 30 cents a share today!"
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