Jesse Livermore greeted each person while introducing Helen to the situation at the NYSE.
"Actually, when ordinary people buy stocks, they usually trade through a brokerage firm. Once the firm receives the client's funds, it will purchase the corresponding stocks according to the previously agreed upon terms with the client..."
"In fact, I haven't been here for some time now, as my stocks are usually managed by my professional assistant, this guy here!"
Upon reaching his own trading post, Jesse Livermore introduced his assistant to Helen; the assistant simply nodded in greeting to the three of them before taking off with a slender strip of paper that listed the trades to be executed. New ɴᴏᴠᴇʟ ᴄhapters are published on NovᴇlFirᴇ.ɴet
"If the three of you are thinking of buying some stocks, I would recommend considering industries such as automobiles, washing machines, vacuum cleaners, movies, radio receivers, and the daily chemical industry.
Right now, these are very popular sectors, and they all have very promising prospects."
At this point, Jesse Livermore looked at Helen somewhat enviously and said, "I actually admire Mr. Block's vision. His Atlantic City Broadcast, along with the newly established Pandora Oil, are among the hottest industries at the moment. Especially Atlantic City Broadcast—I've heard my colleagues discussing more than once that if Atlantic City Broadcast were to go public, it would certainly cause a sensation on Wall Street!"
"So, is that also why you don't think Donnie's plan is sensible at this time?" Helen knew that Donnie had his own thoughts about the public offering of Atlantic City Broadcast, so she didn't mention it, keeping the conversation on Donnie's plan.
"Exactly!" Jesse Livermore nodded seriously. "According to Wall Street statistics, before the war, automobiles were an extreme luxury, but by last year, there were already over 8.1 million licensed vehicles in the United States. Although this year's figures aren't out yet, I believe that breaking the 10 million mark is just a matter of time.
The automobile industry will inevitably grow into a leading major industry, and related sectors, such as gas stations, road motels, and the oil industry, will certainly be boosted as well.
Not only that, but the global situation is currently unstable. Although President Harding has been working to invite countries like the United Kingdom and Japan to sign a treaty to curb naval armament expansion, nobody can be sure of anything. Besides, considering the global situation, even if such a treaty were to be signed, it might not have much effect.
Oil is going to permeate every industry, and you could ask any stockbroker on Wall Street right now, and they would tell you that oil stocks are sure to become one of the primary stocks of the future!"
Helen nodded and smiled, "There are always some exceptions!"
Seeing that he couldn't persuade Helen, Jesse Livermore didn't insist on it further. He simply assured Helen that once their action plan started, he would personally oversee the trading floor to ensure that every one of Donnie's orders was executed at the fastest speed!
After getting acquainted with the NYSE, Helen left and returned to the accommodations provided by Walker.
She then informed Donnie of the day's happenings over the phone.
"Clearly, no one thinks highly of our operation!"
After saying this, Helen cracked a joke to Donnie.
Donnie just laughed after hearing it. The American stock market had developed for over a hundred years, and the rules hadn't changed much, but the wars here had evolved countless generations.
Under the current circumstances, people naturally would think they didn't stand a chance since the fluctuations in the stock market price still mostly followed normal stock market rules, and very few people would think of using external factors to interfere with stock price volatility.
Although this was his first time entering with a significant sum into the American stock market after arriving here, there were many things those people couldn't even begin to imagine!
"Don't worry about their thoughts; as long as we keep moving forward according to our own plan, that's all that matters!"
Helen said, "I'm just worried that you might be under too much pressure!" Find exclusive stories on My Virtual Library Empire
Donnie chuckled, "Don't worry, this won't pressure me, on the contrary, it will give me quite the incentive!"
"I'm all set on my end, how about you? Short-selling Sinclair Oil Corporation is no small matter, this time you're not just up against Harry Sinclair, but the entire interest group behind him."
Previously, the battle between Pandora Oil Company and Sinclair Oil Corporation could be seen as a fight between Donnie and Harry Sinclair, which didn't involve the entire Sinclair Oil Corporation's board.
But this time, short-selling Sinclair Oil Corporation, causing its stock to plummet in a bull market, directly affects the entire board of directors of Sinclair Oil Corporation.
The board members of Sinclair Oil Corporation included such renowned figures as Rockefeller, Morgan, and even the Union Pacific Railroad Company, which Jesse Livermore had previously shorted, were board members of Sinclair Oil Corporation.
Especially the Rockefeller Family and Union Pacific Railroad Company.
There's no need to elaborate on the Rockefeller Family; they are the Trust in the American oil field, not only controlling massive oil resources but also owning the only oil pipeline in the entire United States.