The mage in the late Qing Dynasty

When Zhao Chuanxin's team closed its short positions, it was still absorbing shares.

Why absorb?

Because borrowing stocks and selling short when they are at a high price means borrowing shares of United Copper from others, paying them interest, and then selling the shares of United Copper when they are at a high price.

Now that the stock price has dropped to $10, the previously borrowed amount is absorbed back at a low price.

Over and over again, on average, I made a difference of more than 40 US dollars.

This is called stock borrowing and short selling, and it is a trading strategy. Compared with the leverage of capital lending, although both involve borrowing funds for investment, the concepts and operation methods are different.

The operation amount of Zhao Chuanxin's team was huge, and it actually stabilized the share price of United Copper at US$10, and even caused the share price of United Copper to rise slightly.

But the sell-off remains strong.

Nearly half of the money of Zhao Chuanxin's team was used as margin, so a strategy of borrowing stocks and selling short was necessary to maximize profits.

If there is no guarantee deposit, Zhao Chuanxin's team will make more money.

While Jesse Livermore closed his position and absorbed a sufficient number of borrowed shares, Thomas W. Lawson immediately transferred the deposit.

Because a bigger storm is about to hit.

These things are being done at the same time. There is no time to grind teeth with the Heinze brothers today. Everyone is too busy to touch the ground.

It wasn't until the evening, when the market was about to close, that it came to an end.

Thomas W. Lawson came back with a tired face and said: "Boss, there are still some parts that we haven't had time to transfer."

Zhao Chuanxin frowned: "How many more are there?"

"About $7.5 million."

Zhao Chuanxin was surprised: "We closed positions and absorbed shares very quickly. Why is there still so much money that has not been withdrawn?"

According to the proportion, there should be at most 1 million to 3 million at this time, even if the efficiency at this time is far less than that of computer operation in later generations.

Thomas W. Lawson said helplessly: "Because the Knickerbocker Trust Company, Merchant National Bank, Bank of Montana...all the banks and trust companies with which the Heinze brothers had business dealings have all suffered runs from retail investors. We calculate VIP customers were given priority, but we still couldn’t put them all forward.”

This situation occurs because it is necessary to close positions and absorb United Copper shares while withdrawing them. They cannot withdraw them all at the same time. They must be proportional.

Regardless of whether the final profit is 100 million or 150 million, US$7.5 million is not a small amount.

That's equivalent to 15 million silver dollars. Even Aixinjueluo Yikuang, the Qing Prince who was the best at amassing money in the Qing Dynasty, only had assets of 70 million silver dollars after amassing money throughout his life.

Zhao Chuanxin will not give up.

He frowned and said, "I'll continue to pick it up tomorrow."

Although he knew about the run, the deposit had to be paid.

His reaction speed is fast enough, otherwise it would be more trouble.

Thomas W. Lawson nodded and asked, "Boss, what about the celebration banquet tonight?"

Zhao Chuanxin was not stingy this time and waved his hand: "Let's hold it."

Because the large amount of money has been put into the pocket, the rest, except for the 7.5 million deposit that needs to be urgent, the finishing work is not urgent, and there is even some room for profit until the 20th.

Just when I was walking out of the street exchange, I ran into Fritz Heinze again.

This time, Fritz Heinze, Charles Morse and Otto were dejected.

In this battle, they suffered heavy losses.

To make matters worse, they heard about the run. Just like Cao Cao embarked on the Huarong Road.

The three of them were not just depressed, but even a little frightened, because the seriousness of what they had done was beyond their expectations.

When seeing Jesse Livermore and Thomas W. Lawson, enemies were extremely jealous when they met!

Charles Morse lost his previous air, the airs and panache of the "Ice King". Although his face was filled with the murderous look of an enemy meeting, his eyes were wandering.

But when Fritz Heinze saw Zhao Chuanxin, his head seemed to be struck by lightning.

The fat white man rushed forward in a hurry, reaching out to grab Zhao Chuanxin's collar: "Explain it to me clearly..."

Zhao Chuanxin's physical fitness was very good before he practiced the balancing technique.

In addition, during this period of time, I have practiced the balancing technique diligently, my body is extremely flexible and flexible, and my nerves react very fast, making it easy to dodge.

Fatty Bai’s hands were empty.

He staggered two steps before stopping.

When Zhao Chuanxin saw reporters taking photos, he turned his head again, exposing the back of his head, and took out a cigar and lit it: "My condolences. Many times, suffering is a blessing, brother."

Fritz Heinze gritted his teeth: "Then I wish you happiness like the East Sea!"

"..."

Zhao Chuanxin was speechless.

There are not many people who can make Lao Zhao dumb.

Seeing that Zhao Chuanxin was speechless, Fritz Heinze stared: "What do you mean by those words you once said to me?"

"Oh..." Zhao Chuanxin looked as if he was stunned: "Heroes don't care about their origins, and young people don't care about young women. Women don't understand men who want to become stronger, because women don't need to become strong to be loved. These two sentences are very simple, That is to say, I am still young and don’t know the benefits of a young woman, but at first glance, I think you are a professional Cao Cao. The last sentence, I mean, Rebecca will not understand your pretentious behavior, because women do not need to change. Being strong, all you need is beauty and coquettishness to be loved. So, don’t waste your efforts.”

"..." I, Cao, do you mean this? Fritz Heinze had a ferocious look on his face: "I'm asking you what's behind, don't pretend to be stupid!"

At this time, he still cares about a weak woman?

Zhao Chuanxin held his cigar between his fingers and said with a faint smile: "I will talk nonsense later and forgot about it."

If Zhao Chuanxin had said this before, Fritz Heinze would have been doubtful or just believed it.

But now, he suddenly felt that Zhao Chuanxin had become unpredictable.

"As for Charles Barney, he is not a white rabbit. As we all know, it is much more difficult to manipulate a stock price than the value itself. Therefore, if the ice and canal business is doing well, short sellers may not heed your warnings. . If old Morgan watches the fire from the other side, the New York government finance department will be insolvent..."

And that sentence: "You're almost done, don't invest any more, we've already made enough money."

Zhao Chuanxin's nonsense before was now carefully considered by Fritz Heinze, and he thought about it seriously.

That old fox, Charles Barney, must have realized that the market value of United Copper at this time was several times greater than Charles Morse's ice and canal business, so he refused to cooperate.

While they manipulate stock prices, they underestimate the number of shares in circulation in the hands of retail investors.

Short sellers tried to see through their bluff, and the stock price plummeted.

As for Zhao Chuanxin, although Fritz Heinze did not understand everything, he had some clues and felt that everything would be realized one by one.

The more he thought about it, the more shocked he became, and the more he thought about it, the more angry he became.

Then he looked at Jesse Livermore and Thomas W. Lawson, and suddenly felt that these two people looked like puppets, and the real mastermind behind the scenes was the Asian man in front of him.

This man saw everything before it happened.

Then use the process of their buildings to rise and collapse to squeeze every penny out of them and the leeks!

Yes, that's definitely the case.

Think about how Thomas W. Lawson used to manipulate the market to make small profits to accumulate strength, and then used real gold and silver to absorb United Copper stocks at low prices, pretending to want a piece of the pie to dispel their suspicions, and then use real money in their capital pool to When it's exhausted, go short at the high point.

I blanched... Now that I think about it, it turns out that they nailed every detail.

It was true that Thomas W. Lawson and the others had earned enough before, and Zhao Chuanxin even blatantly persuaded him to stop.

But how could Fritz Heinze listen to such words at that time? Just think that Zhao Chuanxin is a fool.

But now it seems that I am the biggest fool!

After thinking about all this, Fritz Heinze staggered back and pointed at Zhao Chuanxin shrouded in smoke: "You, you, you are the evil dragon!"

The reporter from the Wall Street Journal next to him saw Fritz Heinze looking horrified at the Asian man, and every time the muscles on his fat face trembled, there was a hint of coldness.

He was very curious, who was that Asian man that could make the famous "Bronze King" so afraid?

But Zhao Chuanxin only left the back of his head, so he wanted to turn around and take pictures.

When Zhao Chuanxin saw this, he slapped him with his backhand. The camera flew five to six meters, rolled on the ground, and shattered into pieces.

He puffed out a puff of smoke: "Get out!"

The reporter was inexplicably afraid to move.

The power of one word is so powerful that it can make you a servant!

Zhao Chuanxin inadvertently revealed the confidence and domineering look of a general who had never changed his face despite the thousands of troops. How could he still look like the good-for-nothing that Fritz Heinze had seen before and was disliked by his wife?

It was an aura of killing people, soaked and baked with blood and fire, far beyond the soft cards that Fritz Heinze piled up with money.

Sure enough, this son of a bitch pretends to be a pig and eats the tiger!

Zhao Chuanxin slapped the camera away and smiled at Fritz Heinze: "Next time, remember not to get together when starting a group, otherwise you will be attacked. It's so lonely, there is no one on Wall Street who can fight!"

After saying that, he put the suit on his body, turned around and left, the cigar smoke and the fog of Wall Street blending into one.

The reporter's eyes lit up. He was not upset when his camera was knocked away. He still remembered to take a pen and paper to quickly record the information.

Behind him, Thomas W. Lawson stepped forward, took out his wallet from his pocket, and threw a wad of banknotes into the reporter's hand: "I'll pay for your camera."

Fritz Heinze: "..."

Sure enough!

He thought of Zhao Chuanxin's last words again: "Next time, remember not to get together when starting a group, otherwise you will be easily attacked..."

Now, he felt that every word Zhao Chuanxin said had profound meaning.

Could it be that?

I blanch...

Thinking of the small-scale runs on banks and trust companies related to him today, Fritz Heinze's expression changed drastically!

If a small run turns into a big one, the consequences will be disastrous.

Suddenly, Fritz Heinze felt a sense of powerlessness and a deep fear of Zhao Chuanxin.

…

Waldorf Hotel.

Abraham Cohen waited anxiously at the gate, taking out his pocket watch from time to time to check the time.

It wasn't until he saw a Xinghui dining car approaching from a distance that he smiled.

The driver was a woman whom Abraham Cohen knew to be Rebecca Levy's neighbor.

The car stopped in front of the Waldorf Hotel, and Rebecca Levi's voice came out: "Wait a minute, I'll change my clothes and come out."

After a moment, she was wearing the old dress that Zhao Chuanxin had worn the last time he made a big fuss at the Holland Hotel, and she emerged from the Xinghui dining car with her skirt carefully held.

Even though the dress was old and the material was not expensive, he still felt his eyes lit up every time he saw it.

And Rebecca Levy isn’t even wearing a headscarf today.

Her black hair was pulled up, making her look radiant.

Abraham Cohen walked forward cheerfully: "Rebecca."

He held out his arm for Rebecca Levi to take.

However, Rebecca Levi just smiled and did not reach out...