Reborn in America, I am a legendary short seller on Wall Street.
Chapter 17 Getting rich suddenly
Chapter 17 Getting rich suddenly
The temporary front desk manager glanced at the tellers, then strode behind the counter, leaning on the table and looking down at Larry.
"Hey kid. We're clearing other people's orders, and by the rules, you'll be behind them in line!"
Larry was taken aback. He looked around and found that there was no one else at the counter. He wondered what the gray-haired old man meant by clearing other people's transaction records.
At that moment, the temporary counter manager was thinking that the market was about to close, and in theory, stocks that had been driven up by the market earlier would fall back at the end of the trading day.
The betting company has already lost badly this round, and the temporary front desk manager wants to recoup some of the losses!
Therefore, he plans to postpone Larry's order as long as possible, until the price drops.
Larry looked furious, his brows furrowed tightly.
Larry had been consistently winning money at the betting shop, but he could sense that the shop's attitude towards him was becoming increasingly cold. Based on the experiences of other customers, Larry knew that the people at the betting shop were not benevolent; his consistent wins had drawn their serious attention, and sooner or later they would take action against him.
But to my surprise, after I made a little more money today, the other party immediately started to sabotage me.
Larry had considered yelling at them for making a big deal out of it, but then he thought that the upward trend in arms stocks showed no signs of reversing, so perhaps waiting a little longer wouldn't be a bad thing.
In any case, according to the rules of the betting company, if a trader requests to close a position during the trading day and it cannot be executed immediately due to special circumstances, it will definitely be satisfied after the market closes, and the stock price will be the closing price of that day.
Larry glanced at the wall clock; there were still ten minutes left before the trading would stop.
Forget it! Just bear with it!
Larry's biggest worry now is that this betting company will no longer want to do business with him, which would mean he would have to find other betting companies further away, which would be too much trouble.
Since he didn't expect the stock price to fall, Larry suppressed his anger and waited for the market to close.
At that moment, the teller at the counter began a virtual performance, as if processing other people's transactions. Meanwhile, the temporary front desk manager stared at the price list with a constipated expression, waiting for the latest prices from DuPont and Holt Manufacturing…
Larry, on the other hand, stood guard at the counter. Whenever someone dared to approach and ask to have their trades settled, he would loudly announce...
“I was here first! But the people behind the counter are busy with other things, and I haven’t closed my transaction order yet. You have to wait in line after me.”
As a result, more and more people lined up at the counter to close their positions as the market neared its close, and many couldn't help but complain loudly.
The pressure was on the betting company; the temporary front desk manager nervously stared at the price list across the street, eager to get the latest quote.
"DuPont, $106.75!"
"Made by Holt, $54 and a quarter!"
With the black-haired clerk's shouts, the dice cup was finally opened. The temporary front desk manager, who had persisted in his unethical practice for so long, ultimately received no reward.
The final price of the two stocks was more than a dollar higher than the price at which Larry insisted on closing his positions.
This brought Larry an additional profit of nearly $300.
This is already equivalent to Larry's initial investment.
The gray-haired temporary front desk manager looked dejected, waving his hands to signal the counter to start closing out the trades, then slumped back into his seat.
The teller grabbed Larry's transaction slip and wrote down the details on it.
"Closed position at $106 and three-quarters", "Closed position at $54 and a quarter", then he signed his name and handed it to Larry.
Those waiting in line couldn't help but marvel at the list in Larry's hand.
"This is that high-stakes gambling kid!"
"Yes, yes, he's made a fortune today!"
“My God, he looks like a little kid.”
……
Amidst the murmurs of the crowd, Larry stood before the teller's counter, which was fitted with thick iron bars. The teller had already witnessed everything that was happening at the counter, and upon seeing Larry approach, she stood up and took Larry's order form.
The cashier glanced at Larry, swallowed hard, and then said,
"Please wait a moment, we will exchange your cash shortly!"
As they spoke, the cashier began calculating Larry's earnings.
The two DuPont trades had buy prices of $95.1 and $95 respectively, and a closing price of $106.
Total profit: 2360 yuan!
A trade order created by Holt, with a buy price of $46.25 and a sell price of $54 and a quarter.
Total profit: $800!
The total is $3160.
The cashier's counter had far too little money to pay such a large sum, so he had to open the safe and take out a large amount of banknotes.
As is customary, the cashier first counted out three $100 bills and gave them to Larry, which was the principal he had when he placed the order.
然后,出纳数出1张1000元、2张500元,还有11张100美元面额的票子,递给了拉里。
The cashier was already incredibly surprised by Larry's unprecedented windfall, but still said curtly, "No responsibility is given for cash transactions after leaving the counter..."
Not to mention the cashier, even the security guard standing in front of the cashier's counter was stunned.
Larry started counting his banknotes.
Reborn in America in 1891, Larry sees $1000 and $500 bills for the first time.
Larry pulled out the $1000 note, which featured the portrait of George Gordon Mead, a famous general from the Civil War, on the front, and an extremely complex design and the Arabic numeral "1000" on the back.
These are not ordinary US dollars issued by the US government, but Federal Reserve notes, also known as Treasury bonds.
This banknote is known as the "Big Watermelon Banknote" because the three zeros of the number "1000" on the back resemble a watermelon with green stripes.
The other two $500 Federal Reserve notes feature the portrait of John Quincy Adams, the sixth president of the United States.
A hundred-dollar bill is very common, and it features President Lincoln.
Including the principal and profits, Larry's stack of banknotes totaled $3460!
Larry paid his highest respects to the countless American pioneers depicted on the banknotes, then rolled them up and stuffed them all into the inside pocket of his shirt.
At this moment, Larry was just as nervous as when he bought stocks. He quickly looked around, avoiding the stares of people, walked out the door, and ran away!
In one breath, Larry ran back to Paine Weber Securities.
The market had just closed, and the upper-class people, looking worried, wearing top silk hats, carrying canes, and wearing fur coats, got into their carriages and left the securities company.
The entrance was bustling with activity. In addition to customers, there were doormen and waiters from the sales department who were responsible for welcoming and seeing off customers, as well as four or five security guards in uniform.
When everyone saw Larry return so abruptly, they were all puzzled as to why the kid was in such a panic.
However, Larry, upon seeing them, calmed down and stopped, panting heavily.
"Larry, what's wrong?" Tom asked.
“I…I…I’m running to exercise. I want to…I want to grow taller and stronger…” Larry answered breathlessly.
(End of this chapter)
You'll Also Like
-
A person in Tokyo becomes a demon god
Chapter 300 39 minute ago -
Quickly conquer the martial arts world, and let your fists dominate the heavens!
Chapter 274 39 minute ago -
Rebirth: Starting with Capturing the Goddess Mentor
Chapter 375 39 minute ago -
Warhammer 40: Doom
Chapter 383 39 minute ago -
He lives on another planet and is majoring in Earth Science.
Chapter 530 39 minute ago -
Immortality begins with raising apprentices
Chapter 209 39 minute ago -
Ming Dynasty 1627
Chapter 195 39 minute ago -
My path to immortality began with my posting to guard Dawancun.
Chapter 932 39 minute ago -
American Entertainment: Starting with playing the role of Little Beaver
Chapter 146 39 minute ago -
Reborn in America, I am a legendary short seller on Wall Street.
Chapter 306 39 minute ago