America 1919

Last night, once again, Harry Sinclair managed to raise one million US Dollars.

The following day, when Hein Howell saw this money, he was caught in a spell of frenzied envy.

Even though he managed assets exceeding thirty million US Dollars, it was just management, not ownership; his personal assets didn't even amount to one million US Dollars.

Now, seeing Harry Sinclair pulling out one million US Dollars over and over, like a Matryoshka doll, how could he not be envious?

However, envy was fleeting, as he knew there were more important things to do today.

"Mr. Sinclair, rest assured, with this million dollars, I believe Donnie Block will definitely not hold out!"

That was exactly what Harry Sinclair wanted to hear. He gave Hein Howell a hearty pat on the shoulder, saying, "That's the attitude I need from you. Work hard, because today we are going to make Donnie Block completely concede!"

The gong sounded, and the market opened!

"I didn't expect Harry Sinclair to have such deep pockets, and to still be so fierce!"

Listening to the situation on the radio, William Mellon couldn't help but exclaim.

By this time, Harry Sinclair's side was still frantically sweeping up shares. This situation couldn't help but make William Mellon sigh, while he also looked worriedly at Donnie.

Donnie sat back in the sofa, with an easy smile on his face, and said, "William, you've only noticed the actions of Sinclair Oil Corporation and have forgotten to observe another matter!"

William Mellon, puzzled, looked at Donnie and asked, "What matter?"

Donnie inquired, "If a stock is really favored by everyone, what will the situation with that stock be like?"

William Mellon thought briefly before immediately responding, "There would definitely be a rush on that stock!"

Donnie nodded, smiling, "Exactly, and then a lot of capital interests would get involved. In their rush, the price of that stock would undoubtedly climb higher.

But listen to the current situation; these past two days, while some individual investors have entered the market, very few real capital interests have. Actually, even the number of individual investors coming in is not high, which indicates something."

Leaning back in the sofa, Donnie's demeanor became even more relaxed as he continued, "And that is, after these days of publicity, the question of whether there are real issues with Sinclair Oil Corporation has penetrated deep into the minds of everyone concerned.

Up until now, no one has taken any concrete action; it's just that everybody wants to wait and see, to check if their own judgement holds water!" Experience more tales on My Virtual Library Empire

William Mellon looked at Donnie in astonishment. It was as if he understood something and asked tentatively, "So you're saying, including everything up to today, you've been doing this all along – planting the idea that Sinclair Oil Corporation has issues into the minds of the ordinary individual investors?"

Donnie nodded affirmatively, "Exactly. Everyone thinks the stock market is manipulated by capital interests, but it's actually the individual investors who can create sensational effects. It's just that these individuals can't organize effectively, so everyone tends to believe that capital interests are the market makers.@@novelbin@@

But if someone can align the thoughts of these individuals, then it could create a situation like a tsunami, and even if the capital interests initially don't want to give up, they would eventually have to concede!"

Such situations have occurred many times in the American stock market, including two very famous incidents where individual investors clashed with capital interests.

The first was when American capital interests wanted to short gold, which ended up involving the mysterious Eastern Square forces. In that incident, gold fell from a high of 1550 to 1321 through Wall Street's short selling, then these Eastern forces entered the fray, buying up furiously, causing the price of gold to rebound and Wall Street's capital to call an emergency stop...

Actually, the root cause of this incident could not be considered a victory for the Eastern forces; it was more because, for Wall Street's capital at that time, it had already reached their predetermined profit-taking price.

But regardless, this event showed Wall Street's capital interests the power of individual investors.

The second incident was when a well-known American fund announced it was shorting GameStop, GME, which triggered discontent among millions of individual investors, and so they began to aggressively impact the stock market. In this battle, the individual investors also demonstrated their power to Wall Street's capital interests.

However, this event, dubbed by the media as "individual investors' bloodbath of Wall Street," ended ultimately with the individuals' defeat.

These two incidents revealed that individual investors can exert intense pressure on capital interests in the short term. There are two important points here, which ultimately led to the defeat of these investors.

First, these individual investors lack lasting power; they may form a formidable impact for a certain period, but such force can't persist long enough to suppress the capital interests, who can effectively counterattack once they react.

Second, these individual investors fail to present a united front; without a clear leader, they're like a rabble pumped with adrenaline, blindly charging and seemingly indomitable, but their disjointed efforts ultimately allowed the capital interests to break through them one by one.