Chapter 433: 173, The Barbarians at the Gate (A 10,000-word Mega Chapter, Paying Off Debt...)_6
"It should be like this, Donnie Block, the barbarian at the gate of Wall Street, has been blocked!"
"Although it's over, we have to admit, Donnie Block didn't lose this time!"
"Why do you say that?"
"Have you forgotten about Atlantic City Broadcast? After this battle, who on Wall Street doesn't know about Atlantic City Broadcast? I got the news that Morgan has already increased the valuation of Atlantic City Broadcast from 45 million to 50 million. Just with this alone, Donnie Block's losses have been completely covered!"
At this time, in the underground bars and restaurants near the NYSE, where stockbrokers congregated, brokers from various securities firms were discussing this issue.
Even though Donnie Block and Jesse Livermore didn't strike back at all today, making many believe they had no remaining options, the influence of Atlantic City Broadcast still existed.
Everyone generally believed that, if not for Atlantic City Broadcast, the share price of Sinclair Oil Corporation could have very likely reached 42 cents per share today.
"Yeah, Donnie Block really made a fortune this time, and now I'm starting to wonder if Donnie Block really intended to short Sinclair Oil Corporation's stocks, or if his real intention was to hype up Atlantic City Broadcast?"
"Who knows? But anyway, this time, whichever company gets the IPO for listing Atlantic City Broadcast is truly going to make a killing!"
"No need to dream, I heard that many companies have already sent people to Atlantic City. A good deal like this won't fall into our laps!"
"It's a pity, tomorrow is Saturday, and this great battle also enters a brief rest period; otherwise, I would really like to keep watching the developments of this great battle!"
"Maybe it will be over by tomorrow?"
Although most people had begun to believe that Donnie's short selling campaign was close to ending in failure and that Sinclair Oil Corporation, with its rapid response, had contacted all major media and newspapers to quickly turn the situation around, at this moment Harry Sinclair didn't feel any happiness at all.
Because just in the course of this day, all the funds he had raised were completely spent!
Outsiders saw that the share price of Sinclair Oil Corporation began to rebound today, but Harry Sinclair himself knew how difficult his victory was.
Just in one day, all the funds he had raised, including the 500,000 US Dollars in cash he had just received, were all spent.
Not only were they all spent, but there was even an extra budget of 200,000!
"Who can tell me what the hell is going on?"
Harry Sinclair sat in his temporary office, looking at the financial report Marx Quinn had brought, his face ashen.
It wasn't that Harry Sinclair wasn't concerned about this, but there was simply no time today to keep track of these matters, as every moment someone was selling off Sinclair Oil Corporation's stocks.
And to maintain the momentum today and continue to hype Sinclair Oil in the broadcast, it was necessary to keep injecting funds.
They all knew that any slightest hesitation would give Atlantic City Broadcast the opportunity to strike back.
During that time, no one dared to be slow.
In the end, this behavior had become a sort of inertia.
"Harry, there's nothing we can do about this situation. Jesse Livermore, using multitasking strategy, found several securities firms to sell off Sinclair Oil Corporation's stocks at different times, causing a strong psychological suggestion to the uninformed small investors. If we didn't act in time, the situation would have been very critical!"
Hein Howell advised, and he also came to understand something that day; Jesse Livermore would definitely not act alone in selling off the stocks, he must have found several securities firms to sell off Sinclair Oil Corporation's stocks anonymously.
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Otherwise, there was no way to explain why so many companies were selling off Sinclair Oil Corporation's stocks today!
Seeing Harry Sinclair's angry demeanor, Hein Howell had no doubt that if Donnie Block were in front of him at this moment, and Harry Sinclair happened to have a handgun, Harry Sinclair would definitely shoot Donnie!
"What do we do now? Will Donnie Block back off?"
Harry Sinclair asked helplessly.
Hein Howell said, "There is still some good news for us. First, I believe that Donnie Block doesn't have many Sinclair Oil Corporation stocks left in his hands. Second, tomorrow is Saturday, which gives us more time to prepare!"
Harry Sinclair looked at Hein Howell and asked, "What do you base your judgment on that Donnie doesn't have many stocks left?"
Hein Howell said, "It's simple, I always thought that Donnie knew the probability of winning this short-selling war was very small, which means the more Sinclair Oil stocks he gathered, the more he would lose. And now, Donnie's purpose has been achieved, the valuation of Atlantic City Broadcast has reached 50 million US Dollars. In my view, Donnie has no reason to continue this losing battle!"
Harry Sinclair thought for a while and did not comment on this, asking, "So what should I do next?"
Although everyone was guessing that Donnie was probably at the point of backing off, this was just speculation, and the dust hadn't settled yet, so Harry Sinclair also knew he still had to continue preparing for this matter.