Reborn in America, I am a legendary short seller on Wall Street.

Chapter 139 Retaliatory Rebound, Huge Profits (5.7K Long Chapter, Seeking Monthly Tickets)
Let's rewind to 1:17 PM, at the New York Stock Exchange.

Elliott received a limit order from Boston for 5000 shares of U.S. Sugar at $110.

When Elliott received the order, he was a little dumbfounded. He had passed the sugar counter several times that morning, and it was always packed with people, with sugar prices exceeding $170. His client had ridiculously set a price of $110—how could a deal possibly go through?

Elliott intended to stand at the sugar counter for five minutes before throwing the order back at the consignment counter.

But little did he know that the place he came from had turned from a hearth into an ice cave.

A black-haired man wearing a striped shirt, black overalls, and a meticulously slicked-back hairstyle was frantically selling off all of his American sugar company stock.

This was a long, shocking, and spectacular dumping frenzy that stunned everyone.

Within 17 minutes of the afternoon opening, he single-handedly drove the stock price of U.S. Sugar from $180 down to almost $120.

Moreover, this person is particularly eccentric, authoritative, decisive, and has a powerful aura!

When Mr. Big Back Hair placed his order, he always stared intently at the other person, as if he were a plantation owner examining enslaved people a hundred years ago.

When Elliott arrived at the counter, the slick-haired man was frantically dumping shares, sweeping up every attempt to buy American sugar at any price.

The key issue is that there are almost no more orders from other floor traders at the counter for U.S. Sugar... This means that if this gentleman dumps the stock again, Sugar's share price could really be driven down to $110.

Elliott looked at the list in his hand, swallowed hard, and stood in front of the slick-haired man.

“Who, and, the American, sugar industry!” The man uttered each word in a gruff voice, causing the traders standing behind the counter to turn their heads in disbelief.

Elliott gripped his trading order book, about to raise his hand, when someone who had just received an order interrupted, "$121! My client just sent me an order..."

The man with the slicked-back hair looked like a boxing champion being challenged in the ring. He took a few steps to get very close to the man, stared into his eyes, and roared, "Fine! I love commissions like this. It's great that someone's willing to take over when I'm selling. You want to test my skills? How many shares do you fucking have?"

The man was a little intimidated and lowered his voice by an octave, saying, "I want 2000 shares!"

"Oh, 2000 shares! Kiss my ass, here you go, you little rascal. Next time, tell your damn client to buy more stocks!" The slick-haired man quickly signed the order and slapped the man's chest hard.

The man didn't dare say much, signed the form, and quickly completed the transaction.

"Who else? Who else wants sugar company stock? Come on, it's for your Uncle Quincy!" The slick-haired man looked around and said provocatively.

No one spoke in the room. Elliott was also a little surprised. Were there no other orders between $121 and $110?

Am I all alone now?

The slick-haired man slapped the authorization form in his hand loudly and shouted at the crowd, "Hurry up, you bunch of sissies!"

After the initial sell-off in the first 20 minutes of trading this afternoon, floor traders now have no more sugar-related orders. In fact, they've received quite a few sell orders for sugar stocks. Perhaps those clients, seeing the sudden sell-off in US sugar stocks, assumed there was something wrong with the stock and sold accordingly.

The man with the slicked-back hair coldly surveyed the crowd and then said, "Who else?!"

The surroundings fell silent, except for Elliott, who stretched out his hand. "I want it. My client's asking price is $110."

The man with the slicked-back hair raised an eyebrow, walked a few steps to Elliott, and frowned, saying, "Oh, you have some. Let me guess, is it 1000 shares or 2000 shares?"

As he spoke, the man with the slicked-back hair pulled out a trading order for 2000 shares, slammed it in front of Elliott, and muttered, "Come on! Transaction done!"

Elliott glanced at his name tag; this was yet another anonymous institutional client floor trader. Traders come in all shapes and sizes—some gentle and mild, others like this, seemingly driven mad. Elliott had seen plenty of them.

Some traders are just emotional, viewing every opposing trade as a provocation. Elliott was sometimes terrified that one of these madmen would pull out a gun from their pocket...

Faced with the transaction order slapped down by the slick-haired man, Elliot composed himself, accepted the 2000 shares, checked the stock and the number, and signed his name.

The man with the slicked-back hair stared at him, his slightly yellowish eyes full of mockery. He then placed another order for 2000 shares. "Go ahead and take the order, you bastard! Do you have any more? Keep taking orders, I still have 2000 shares!"

Faced with the man's rude language and anger, Elliott's forehead veins bulged, and he stared up at the man, declaring loudly, "2000 shares, I'll take them!!"

So, they filled out the same form and signed it. At the same time, the counter clerk filled in another price of $110 on the wax paper and spread this price throughout the United States!

A cruel smile appeared on the slicked-back hair as he pulled out the last order form from his pocket, showed the numbers on it to Elliott, and continued mockingly,
"Look at this number! Read it out loud: 20000 shares! I still have a full 20000 shares. I'll take as many as you have! Do you have any more client orders for 2 shares?"

Elliott frowned. He only had 1000 shares left on his order, which was definitely not enough to buy up the remaining 2 shares of Big Back Hair. It seemed that once Big Back Hair bought up his 1000 shares, he would definitely be able to crash the stock price and drive the stock price of American Sugar below $100.

“I only have 1000 shares left!” Elliott said calmly.

The slick-haired man laughed maniacally, slapped the commission form on Elliott's chest, and said mockingly, "Then find some money for Uncle Quincy!"

The term "finding money" is an industry slang term that refers to the party placing a large order requesting the party placing a smaller order to voluntarily hand over their smaller order. According to industry practice, Elliott, who only held 1000 shares, was required to fill out the form for the other party, who only needed to sign it.

Elliott, somewhat exasperated, placed his hand on the order form the other person had patted on his chest, just about to make the trade...

Suddenly, the man with the slicked-back hair noticed a mark on his form. He stared at it, an expression of disbelief on his face!
In an instant, his unusual expression vanished. The man with the slicked-back hair abruptly pulled back his list, and with a sheepish grin, said to Elliott,
"Do you really still have stock? American Sugar? $110??"

Elliot was a little surprised by the barrage of questions from the man with the slicked-back hair. He had just noticed a fleeting awkwardness on the man's face and realized that the man had tucked the form back into his pocket. Although he didn't understand what was wrong, Elliot tried his best to calm himself down and said...

"That's right! I still have 1000 shares. If you have any more sugar company stock to sell, just sell it to me! Once I buy these 1000 shares, I can leave this awful place."

The man with the slicked-back hair chuckled dryly, then turned to the people around him and smiled, saying, "After my 30 minutes of dumping, who would still be buying sugar stocks? Right now, all the orders behind me are sell orders, aren't they?!"

The traders in the surrounding room nodded in agreement. Indeed, since the afternoon, the man with the slicked-back hair had been dumping shares, and their clients were now sending out sell orders for U.S. sugar.

Seeing the crowd's response, the man with the slicked-back hair turned to a floor trader who had just been waving a sell order and said...
How many do you have? What's your price?

"$125, sir, my client has entrusted me to sell 1800 shares..."

The man with the slicked-back hair nodded, then asked the other person, "And you?"

“I have an order for 3000 shares. This is a limit order, and the client requires a minimum price of $112!”

The man with the slicked-back hair grinned as he approached each of the floor traders holding sell orders, his exaggerated and manic smile never fading...

After all the traders around him had announced their prices, the man with the slicked-back hair walked up to Elliott with a smile, raised an eyebrow, and said, "...See that? They're all selling, just like me!"

As he spoke, the man with the slicked-back hair held up the order form for 20000 shares and shook it in his hand…

Elliott frowned, puffed out his chest, and felt that this mad trader was about to slap this order on his chest for the second time...

Unexpectedly, the man with the slicked-back hair suddenly turned around and slammed the transaction slip onto the chest of the person who had just placed a sell order for 3000 shares at $112…

"I'll take your 3000 shares, right now..." Then, the slick-haired man glared at the people around him and shouted, "Your bids just now are all valid!! Sell me all your damn shares right now, no raising the price!"

Everyone's eyes nearly popped out of their sockets in astonishment. They never expected that this slick-haired guy would suddenly change his tune... From dumping shares to buying them, he was now collecting sell orders from others...

"You actually changed your mind?" one trader yelled at the slick-haired man, frowning. He felt like he had been fooled.

The slick-haired man stared wide-eyed, a maniacal grin spreading across his face. "That's right! I was buying all morning, and by 1 p.m. I'd already switched to shorting. Now your Uncle Quincy is happy to switch back to buying!!"

It turns out that when the slick-haired guy slapped the order for 2 shares onto Elliott's chest, he suddenly realized that Mr. James Keane's last order to him wasn't a sell, but a buy...

The man with the slicked-back hair immediately changed his expression. He hadn't expected his boss to suddenly dump shares in the afternoon and then immediately switch to going long...

But he was, after all, a seasoned trader, and he was quite used to his boss's rapid shifts in trading direction. So he put on a show, pulling up all the sell orders following behind him before quickly reversing his position and going long...

The clerk behind the counter watched as the man with the slicked-back hair made a deal with the person who offered 112 and a quarter dollars, before finally filling in the latest price from the American sugar industry with his stylus: 112 and a quarter dollars…

Meanwhile, in James Keane's office in New York. "I did my best, Mr. Rothstein." James Keane looked at the sales reports his assistant had brought and handed them to Monk Rothstein.

Monk Rothstein was a little confused. He turned to look at the price quote machine, paused for a few seconds, and then said...
"But the stock price is still at $110! It hasn't reached $100 yet!"

James Keane walked over to Monk Rothstein and handed him the transaction slips one by one, muttering as he did so, "How many shares were traded at such-and-such price first, and how many shares were traded at such-and-such price next..."

When it came to the last two orders, James Keane deliberately shook the two transaction confirmation slips in his hand and placed them in front of Monk Rothstein, saying,

“Look… the last 4000 shares have already been driven down to $110, and there are still people buying them… Mr. Rostan, since you run a betting company, you should know that I had already sold all 3 of my own shares of American Sugar for the last 4000 shares that were sold at $110, but there was really no other way… I just had to sell as many shares as possible.”

Monk Rosstein stood there dumbfounded for a long time, his mind reeling as if endless thunderbolts were exploding within him...

What does James Keane's statement mean?
This shows that even after spending 60, he still couldn't push the stock price to $100, nor could he shake out those who were maliciously going long in the betting industry...

It's over! This time it's really over!

Not only will the gambling house go bankrupt, but the rest of my cash will also be gone!

Monk Rothstein couldn't accept this outcome. He grabbed James Keane by the shirt and roared, "Then you fucking keep selling...shorting! You have to drive the stock price below $100!! Now!"

A flash of anger crossed James Keane's face, which quickly returned to calm. He pointed at the price quote machine and said...

"It's too late... There's been a large-scale buy-in; look at its latest price!"

Monk Rothstein suddenly realized that he absolutely couldn't afford to fall out with James Keane right now, so he quickly loosened his shirt and rushed to the price quote machine...

The latest news about the stock price of US sugar companies has left him in despair...

"American Sugar, $121 and a quarter", "American Sugar, $125", "American Sugar, $131 and an eighth", "American Sugar, $145 and a quarter"...

A massive wave of buy orders flooded the market, instantly wiping out all sell orders for U.S. sugar below $150 and driving the price of U.S. sugar back up to a high of $155!

Monk Rothstein was in agony, unable to breathe. He knew that even forcing James Keane to dump his shares again was impossible now, because the market had returned to an upward trend...

We're doomed! This time we're really doomed!
In an effort to save himself from bankruptcy, Monk Rothstein gave everything, but in the end, he lost even his entire fortune of $60!
What should I do now?!

James Keane looked at Monk Rothstein, who was in dire straits and almost fainting, and said calmly,
“Mr. Rosstein! Even God can’t stop the sugar industry from rising. I suggest you, instead of despairing here, hurry up and find Mr. Adams… any further delay and it will really be too late!”

Monk Rosstein's eyes widened instantly, and he nodded hurriedly, "...Yes, yes! The only solution now is to find Mr. Adams... As long as Mr. Adams takes action, the problem will surely be solved!"

As he spoke, Monk Rothstein stumbled toward the door, flung it open, and shouted at his four men,

"Stop fucking standing there! Hurry up! Come with me to the train station. I need to get to Washington, D.C. right now to meet Mr. Adams!"

The four henchmen were startled and hurriedly followed Monk Rostan away.

Once Monk Rostan and the others had disappeared at the top of the stairs, James Keane turned his gaze away and let out a cold laugh.

The butler strode forward, bowed slightly to James Keane, and said, "Congratulations, sir. Not only have you dealt with this troublesome fellow, but you've also bought back the stock—a double win!"

James Keane glanced subconsciously at the four suitcases on the ground containing dollars, gold, and securities... a cruel smile crept across his face.

"What kind of gang is the Rothschild gang? They dare to threaten me! I'm going to tell Mr. Hafmeyer, the president of American Sugar, about this and let him figure out how to deal with the Rothschild gang!"

The butler smiled and offered a few compliments.

James Keane suddenly seemed to realize something, his smile froze, and he frowned as he spoke.
"...Well, it really is a coincidence. If those 3 shares of American Sugar really did drop to $100, then we could have rightfully received our reward from Rostan's group and bought back our own shares at an even lower price... Is it really that coincidental? How come there were suddenly 5000 buy orders for American Sugar at $110?"

The butler smiled and said, "There are many coincidences in this world!"

James Keane shook his head. "Something's fishy here. Tell Quincy to find out which brokerage firm last bought at $110, and then have them find out who placed the order. I need all the information on the person who placed the order within three days!"

Although the butler inwardly felt that James Keane was making a mountain out of a molehill, he still respectfully replied, "Yes, sir!"

James Keane looked at the four boxes that Monk Rosstein had brought and instructed, "We can't spend this money right now. Put them away and put them in the safe."

“Yes, sir!” Guan Jian replied again.
.
3:00 PM, Reading Securities branch, Boston.

The crowd gathered around Larry, their faces beaming with smiles.

Logan kept shaking Larry's shoulders, laughing and shouting, "Larry Livingston, I fucking love you! You're a miracle, you actually managed to buy at $110!! You're a fucking genius!"

Huang Meitang also gave Larry a thumbs up.

Even Mr. Dunbar, who was usually stern and unsmiling, nodded to Larry.

In the afternoon, the US sugar industry staged a stunning reversal, rebounding all the way from a low of $110 at 1:30 p.m.

At 1:50 p.m., the sugar company's stock price recovered to above $150.

At 2:30 p.m., the stock surpassed its morning high, reaching $182.

By the close of trading, the stock had surpassed the $200 mark, surging to $220!

Before the market closed at 10:00 AM, Larry instructed a trader to cover the 4000 shares he had traded that afternoon at $110. After all, Larry needed that money as a reserve fund for the company…

After the market closed, everyone waited in the brokerage office to see what the final closing price was and how much money Larry had made.

There was no way to hide this from anyone now; everyone saw him place the order, so Larry simply waited there openly.

At 3:15, the trader, panting, handed Larry his trade confirmation.

Ultimately, 4000 shares of U.S. Sugar were traded at $201.25, resulting in a profit of $36.5! Including the initial investment of $11.2, the total profit was $47.7.

Despite having prepared themselves mentally, everyone still felt a sense of absurdity and unreality at Larry's miraculous victory!
Logan stared intently at Larry, and after a long pause, he finally said, "...How about you become my godfather?!"

Larry laughed and shoved him, "Get lost!"

The portly manager standing nearby also stood on tiptoe and said to Larry in a high-pitched voice, "Mr. Livingston, you really are a star client of our branch. I'll open a premium account for you with 10x leverage right now."

Larry nodded, looked around at everyone, and said calmly, "It was lucky. Who knew that the dumping orders would actually stop at $110..."

Huang Meitang shook his head, said a sentence in Chinese loudly, and then translated, "This is your God's blessing!"

Larry had just understood Huang Meitang's Chinese phrase: "Even a spent arrow cannot pierce silk at the end of its stroke!"

Larry nodded, gestured to the crowd, and solemnly said, "Gentlemen, this matter must be kept secret. I don't want to hear people talking about me later. But I also want to say that you will definitely make a fortune by following me. Everyone must work hard from now on!"

"Great!!" Everyone gathered around Larry, laughing and clapping.

The fat manager tried to squeeze into the crowd to talk to Larry about the commission rebate, but he never got the chance. Later, the fat manager got over it. Would someone who earns more than $40 a day care about a little commission rebate?

Unexpectedly, Larry turned to the fat manager and said, "Please transfer all my money back to my bank account. I need it this weekend... Also, remember to calculate my commission rebates from the last few times and send someone to deliver them to me later!"

The portly manager paused slightly, but still nodded and said, "Yes, sir!"

　Because the plot and emotions are all intertwined, I've combined them into one chapter! There's no way around it, it's a bit longer than usual, but at least you can stop calling me a "chapter-breaking dog" (a person who deliberately cuts off chapters).

　　
　
(End of this chapter)