Chapter 430 173, The Barbarians at the Gate (A 10,000-word Mega Chapter, Paying Off Debt...)_3
"Wall Street, with its century-long history, is facing its strongest opponent ever. This war is not just a short selling battle against a single company, but a challenge to Wall Street's century of history..."
As he looked at the newspapers standing by his side one by one, Harry Sinclair finally breathed a sigh of relief. The money was well spent.
After learning that other commercial radio stations couldn't collaborate with him immediately, Harry Sinclair immediately contacted all of New York's newspapers and paid a large sum of cash to ensure they supported him when reporting on the matter.
Now it seemed the effect was quite satisfactory.
The newspapers not only collectively condemned Donnie Block's current actions, putting Donnie Block at odds with the entirety of Wall Street, but they also focused on reporting the situation at Sinclair Oil Corporation in their coverage.
Moreover, with the help of the current macroenvironment and the overall situation, they all expressed that this is the golden age for the oil industry, and Sinclair Oil Corporation is definitely a company with considerable strength!
Furthermore, in their reports, the newspapers subtly mentioned that Donnie Block's current actions involved short selling by borrowing stocks, and as soon as the agreed time with the securities firm arrived, Donnie would need to repay all the stocks that were sold during this period.
All clients holding stocks in Sinclair Oil Corporation should hold tightly onto their shares.
By the time that moment comes, everyone will surely make a profit!
Among the newspapers siding with Sinclair Oil Corporation, the "Atlantic City Post," which also has distribution operations in New York and enjoys good sales, appeared to be somewhat of an outlier in its reporting!
In its coverage, the "Atlantic City Post" mentioned that Donnie Block's money didn't come from thin air. For anyone making any investment, the sole purpose is to make money, and Donnie Block was no exception. Read new chapters at My Virtual Library Empire
If there were no operational issues at Sinclair Oil Corporation, how could Donnie Block, a millionaire who had amassed a fortune in just two years, possibly take action against such a company?
At the same time, the "Atlantic City Post" also noted that while Donnie Block recognized the development of the current oil industry, it also suggested that just because the overall industry had good prospects, it didn't mean that all oil companies would have bright futures.
The better the industry develops, the more intense the competition!
"Humph!"
After reading the content in the "Atlantic City Post," Harry Sinclair snorted coldly and directly threw the newspaper onto the ground.
"Alarmist!"
As for the report from the "Atlantic City Post," Harry Sinclair didn't care, for at this moment, all the newspapers in New York were on his side. Under such overwhelming newspaper opinion, there were few who would believe the content of the "Atlantic City Post."
What truly worried Harry Sinclair was Atlantic City Broadcast.
However, at this moment, Harry Sinclair finally received some good news. Nelson Hendry and others, after spending an entire afternoon and night, had finally reached an agreement with other commercial radio stations.
So, after the stock market opened this morning, all listeners found that many of their local commercial radio stations were also broadcasting about the short selling battle involving Sinclair Oil Corporation.
The content broadcasted by these commercial radio stations was the complete opposite of what Atlantic City Broadcast was reporting.
Atlantic City Broadcast firmly believed that there were issues with the management of Sinclair Oil Corporation and that their stock price was bound to encounter problems.
Meanwhile, the other commercial radio stations steadfastly stood by Sinclair Oil Corporation, claiming it to be a high-quality oil company that would not face any problems!
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Inside the trading hall of the NYSE, Jesse Livermore looked complexly at Helen, who sat beside him with a serene expression.
"Although the content in the newspapers is nothing but dogshit, I have to admit that their descriptions do hold some insights in certain areas. Mr. Block is waging a new kind of war that has exceeded my abilities!"
Jesse Livermore, who had always relied on data analysis to navigate the world, felt helpless in his heart.
When data analysis no longer held the key and guiding public opinion became crucial, it actually meant that Jesse Livermore's most important tool had lost its efficacy!@@novelbin@@
Helen said, "Mr. Livermore, this is just an isolated case. I believe data analysis is still the critical element, and guiding public opinion is merely an auxiliary means. It's just that such means have appeared in the open for the first time, leading many to mistakenly estimate the impact of this kind of public opinion!"
Jesse Livermore shook his head and said, "I've heard that after his discharge, Mr. Block went straight back to Atlantic City. I am deeply grateful for Mr. Block's decision. Had Mr. Block come to New York, come to Wall Street at that time, perhaps Mr. Block would now be the most famous person on Wall Street!"
Jesse Livermore's words left Helen somewhat bemused. What would the situation on Wall Street have been like if Donnie had truly appeared there?
Would they still have met each other?
In the end, without reaching a conclusion, Helen smiled and said, "Those are all hypothetical questions. But I think, if Donnie hadn't gone to Atlantic City, there wouldn't be an Atlantic City Broadcast, and perhaps today's event wouldn't have gone as smoothly!"
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