America 1919

But now that everyone was bullish on Sinclair Oil Corporation's stock, no one was selling, there were only a few transactions of dozens of shares at a time.

Hence, when Jesse Livermore sold 10,000 shares of Sinclair Oil Corporation's stock, it immediately caught the attention of many.

At the close of this morning's trading, the market capitalization of Sinclair Oil Corporation stood at $49,653,350 US dollars, with a per-share price of exactly 49.65 cents.

However, such action did not attract the attention of the brokerage firms and Sinclair Oil Corporation, but regardless, these 10,000 shares were immediately bought up after they were sold.

Just when some people thought that this sell-off was merely a few stockholders who were forced to sell in exchange for cash, Jesse Livermore started his own maneuvers.

He was continuously selling off the stocks of Sinclair Oil Corporation while also deliberately pushing down the share price of Sinclair Oil Corporation!

By the close of the trading session at the NYSE in the afternoon, Jesse Livermore had sold a total of 130,000 shares, a move so significant that it could no longer go unnoticed by others!

Morgan, responsible for the Sinclair Oil Corporation's stock, naturally started investigating the matter. Your journey continues with My Virtual Library Empire

Jesse Livermore's actions were not concealed, making it easy for Morgan to trace them to the source.

Not just Morgan, but other Wall Street firms also began to pay attention to this matter.

So by the evening, the phones in Jesse Livermore's office were ringing off the hook.

If someone else were doing this, it might not have caused such a stir, but since it was Wall Street's famous short-seller Jesse Livermore shorting Sinclair Oil Corporation, it came as a surprise to many.

"Could it be that Jesse knows some insider information?"

That was the thought of other brokerage firms besides Morgan, Jesse Livermore's track record obliged them to suspect that he might have gotten hold of some information.

Morgan was equally curious, but as a partner of Sinclair Oil Corporation, they clearly knew that Sinclair Oil Corporation had no recent plans to manipulate its stock price.

What frustrated everyone was that they could not get in touch with Jesse Livermore and were left to make wild guesses.

William Mellon had his own channels in New York, which meant that he was informed of everything happening there all the time.

"Alright!"

William Mellon said seriously to Donnie while holding his whiskey, "I have to take back some of what I said earlier!"

Donnie sliced his steak and laughed, "What do you mean?"

"Jesse Livermore, the move you made was ingenious. This man's influence on Wall Street is enough to make many people start doubting the situation at Sinclair Oil Corporation. Maybe tomorrow, when the market opens, the stock price of Sinclair Oil Corporation will actually fluctuate."

"But even so, I believe, by this time, Harry Sinclair must have been informed of this issue, and to curb such a situation, he will certainly take action tomorrow!" William Mellon explained to Donnie.

Donnie smiled and replied, "Isn't that good? A war requires two opposing sides. If there is no defense, there can't be any offense!"

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Just as William Mellon had said, Harry Sinclair was informed of the news: first through his secretary's phone call, then came the people from Morgan.

Harry Sinclair sat on the sofa in his room, frowning deeply.

"Just who is it? Did a train run over their head? Don't they know that trying to short Sinclair Oil Corporation at this time is like an angel coming down to romance them?"

What troubled Harry Sinclair was not that someone was shorting the stock of Sinclair Oil Corporation at this time, but that he was still having a headache over the issue of launching operations at the Teapot Dome oil field.

Just as one issue remained unresolved, yet another one emerged.

The shareholders who had just stabilized due to the rising stock price would probably become troublesome again very soon!

James O'Neal comforted Harry Sinclair, "Harry, as you said, shorting Sinclair Oil now is like striking a stone with an egg, it's simply not possible to succeed. As long as you make a move in the market tomorrow, I believe no matter how the others sell off, there will be buyers."

Harry Sinclair nodded, then said somewhat fiercely, "Well, if someone wants to court death, I certainly cannot stop them! Even if that person is Jesse Livermore, no exceptions!"

Afterward, Harry Sinclair made a call to his secretary!

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The next day, as Jesse Livermore and Helen walked into the trading floor of the NYSE again, they immediately attracted the attention of many. Those who had not been able to reach Jesse Livermore the previous night came forward to greet him, hoping to inquire about his intentions.

"Ladies and gentlemen, sorry, we have some business to attend to right now, and we really don't have the time, apologies!"

In response to everyone's queries, Jesse Livermore conveyed that he had no time to spare.

As he reached his own trading station, the ringing of the trading floor's bell sounded, and everyone, even those with their own work to do, couldn't help but look towards Jesse Livermore's spot.

Soon, the trading hall buzzed with news that Jesse Livermore continued to sell Sinclair Oil Corporation's stock.

20,000 shares at a price of 45 cents each!