America 1919

"That's right, under such circumstances, Donnie, you definitely wouldn't let Atlantic City Broadcast go public!"

By the time he said this, William Mellon was utterly certain.

Donnie couldn't help but applaud William Mellon and laughed, "William, why don't you give up Gulf Oil and come to be my president?"

Although Donnie's business was doing well, he always lacked a suitable right-hand man. Helen could actually do it, but if Helen were to do it, it would involve the Taft and Roosevelt families, and while Donnie also liked Helen, he couldn't fully trust her before their relationship was formally established.

Of course, William Mellon was even less likely to be trusted by Donnie, but one area where William Mellon was stronger than Helen was that the Mellon Family lacked an heir!

A family in the business field without a distinguished successor is, to Donnie, the safest option.

However, clearly, William Mellon had no intention of accepting Donnie's invitation. After all, the market value of Gulf Oil was several times that of Atlantic City Broadcast, and the assets of the entire Mellon Family were several times that of Donnie's. It was impossible for him to abandon the Mellon Family to assist Donnie.

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"Donnie, let's not joke about this. Let's talk about today's matter. I believe that with the start of Harry Sinclair's counterattack, the stock price of Sinclair Oil Company will surely rise, and you should be using your trump card now!"

William Mellon knew Donnie didn't want to reveal his trump card, but now was the time for Donnie to use it, so whether he disclosed it or not was no longer important.

At this moment, Donnie gestured with his hand, "William, let me ask you, if I shoot a target 500 meters away here, will the target fall down immediately after I fire?"

William Mellon shook his head, "No, it takes time for the bullet to travel!"

"Exactly!" Donnie nodded, "Sometimes, you have to let the bullet fly for a while. Haven't you noticed that the battle between us and Sinclair Oil Company these past few days has been too fast?

It's so fast that it doesn't give the retail investors time to react. Some messages need to settle. Once these messages start to settle, and retail investors start to think, then when we deploy our big move later, it will truly be effective and exert its real strength!"

William Mellon said, "But if that's the case, it will also prolong your battlefront and increase your financial pressure!"

Donnie shook his head, "My financial pressure won't be too great. After all, we struck first and were prepared before striking. The one truly under pressure is Harry Sinclair!"@@novelbin@@

William Mellon felt he had figured out Donnie's thinking at this stage—to pull Harry Sinclair's cash flow to its limit.

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In fact, William Mellon wasn't wrong, but he just didn't see the whole picture.

At this stage, Donnie indeed was working on stretching Harry Sinclair's cash flow to its limit.

The reporting on the short-selling battle surrounding Sinclair Oil Company by Atlantic City Broadcast and other commercial radio stations throughout America had reached a fever pitch. Even though Harry Sinclair had rallied commercial radio stations that could cover the entire country, he still couldn't contend with Atlantic City Broadcast.

First, these commercial radio stations belonged to different companies. Since they were from different companies, they couldn't achieve the unified approach of Atlantic City Broadcast. Some stations had capable hosts who could bring some professional commentary to the matter, but many others were clueless about it. Even with newspaper materials, they were too rushed in their involvement.

How could they compare to Atlantic City Broadcast, which had been preparing all along?

Secondly, there was the listener base of Atlantic City Broadcast, far surpassing that of any other commercial radio station. Even with the united front of these stations, the actual listener base still couldn't compare to that of Atlantic City Broadcast.

And not everyone was going to be like Hein Howell and those Wall Street folks, prepared with two radios to listen to this content.

Although Atlantic City Broadcast held the advantage, today's newspaper coverage in New York gave Sinclair Oil Corporation the upper hand.

After all, the circulation of newspapers far exceeded the listener base of radios.

Moreover, newspapers' authority in the media was seen as quite significant by the people.

Especially when national newspapers began to report on the matter, choosing to reprint New York's coverage... by this afternoon!

Many large newspapers were like "The New York Times," split into morning and afternoon editions!

If they couldn't catch the morning edition, they'd aim for the afternoon one!

Of course, many more newspapers needed time to receive the news here and then to publish it.

But regardless, the influence of the matter was growing more significant.

Moreover, by this afternoon, the downward trend in Sinclair Oil Company's stock price finally came to a halt. It didn't just stop; there was a slight increase, bouncing back to 40 cents per share!

Seeing such an effect, the traders at NYSE looked differently at Jesse Livermore and others when the market closed in the afternoon.

"It seems that Donnie Block and Jesse Livermore must be out of trump cards, perhaps this great battle has entered its final stage!"