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

Chapter 28 Taking stock of the remaining money
Logan clutched the three transaction slips, his emotions taking a long time to calm down. He stared blankly at Larry, uttering each word slowly and deliberately.

"God! I really can't believe it..."

Larry patted his wrist, which was holding the transaction slip, and said seriously,

"Logan, you're my good friend, and I need you to be my trading agent. I need to close these three orders tomorrow, but I can't trade them in person, so I need to entrust them to you."

Logan swallowed hard, as if trying to regain his composure, and after a long pause, he finally asked,
"So, at what price do you need to close out your short positions, or rather, what do you want me to do?"

Once Larry saw that Logan was no longer so agitated, he began to explain the details of the deal to him.
"Here's the thing, the company's stock might experience a sharp drop tomorrow. If the stock hasn't fallen below $4 per share before the market opens this afternoon, I authorize you to close out all 600 shares at any price immediately after the market opens, regardless of profit or loss. But if the stock drops sharply when the market opens tomorrow, then you should wait..."

Larry paused to think for a moment, then continued, "Trading is bound to be very quiet before Christmas, so even if the price falls, it will be very difficult to break through the round number levels. So if the price doesn't fall below $3, you can close your position after 2 p.m., and it's best not to wait until the price recovers to above $4."

As Larry spoke, Logan nodded, and when Larry finished, Logan repeated with a finger held up.

"If Continental Express drops sharply but doesn't fall below $3, close your position immediately at 1 PM; if it drops more gradually, close your position after 2 PM, but don't let profits shrink above $4!"

“Yes, very accurate, Logan, you really are still a fantastic stock trader!” Larry praised.

Logan muttered to himself, still reciting Larry's request. After repeating it several times, he looked up and asked, "Anything else?"

Larry looked up at the sky and pondered for a moment, then turned to Logan and said, "If! I mean if, the stock experiences a panic sell-off, even falling below $2, then you should close your position immediately and keep all the money you've earned in your pocket until I get back."

"Two dollars?" Logan thought for a moment and nodded.

Seeing that he had clearly understood his responsibilities, Larry began to discuss compensation. "Logan, according to the usual practice of Paine Weber Securities, my commission to you is 1% of the transaction amount. However, since this is a private commission, I will give you an additional 0.5% commission. That's 1.5% in total. Can you accept this commission offer?"

Larry quoted prices based on those of a modern, reputable securities firm.

Larry had already thought this through; entrusting Logan with the deal was a gamble in itself.

Instead of hiding it, it's better to calculate the fee according to the most open and fair commission fee that both of them are familiar with, no more and no less, fair and just, so that neither of them will have any resentment.

Logan nodded at Larry's words, but then suddenly shook his head. "No, Larry. I owe you a favor, and I'm willing to help you for free..."

"No, no, you can't say that!" Larry quickly stopped him and continued.
“Logan, my brother, we’ve known each other for so long, you know me… For me, business is business. I entrust you with something, so I have to pay you, that’s only fair.”

Larry persuaded him a few more times before Logan finally agreed to a 1.5% commission.

Larry breathed a sigh of relief and patted Logan's arm again, saying,
“Very good, Logan. It’s settled then. After you close out your position, carefully hide the money and wait for me at the train station at 5:30 p.m. I’m going on a long trip tomorrow and expect to be back in Boston at 5:30 p.m..”

Logan looked up at Larry, as if gathering a great deal of courage, made the sign of the cross on his chest, and then nodded firmly.
“No problem, Larry! I promise to carry out your commission faithfully and diligently, God is my witness.” Larry nodded, patted Logan on the shoulder, smiled at him, and turned to leave.

After Larry left, Logan's hands trembled as he opened the three transaction slips, glanced at them, and then quickly stuffed them back into the inside pocket of his shirt, keeping them close to his heart for safekeeping.
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Larry returned to his home, greeted his mother, climbed the stairs, went back to his small house, and locked the door from the inside.

After confirming that his mother hadn't followed him upstairs, Larry took out all his money from his pocket and began to carefully count it.

Larry had such a large sum of money that he was not comfortable hiding it anywhere, and he was also very uneasy about the banks on the streets of Boston that were about the size of convenience stores in later generations.

Since he couldn't cut off the money and still had to use it as margin for trading, Larry simply carried the money with him every day.

There's no better way to save this money anyway.

However, Larry had also made preparations, such as placing the tickets in different pockets and hidden pockets according to their size and the ease of combination.

In this way, when Larry needs it, he can quickly pay the corresponding amount just by the touch of his fingertips, without having to take out a stack of banknotes and count them in front of others.

Larry has spent a lot of money during this time, and now he really wants to know how much cash he has left.

Larry spread all the dollars out on the bed, then carefully counted them; he still had $2142.25 left.

"Are there still so many?" Larry muttered to himself.

As I recall, he seemed to have bought a lot of things—a bicycle, a pistol, books, and various other miscellaneous purchases. He also borrowed money from Logan and paid the margin for Tennessee Sugar and 600 shares of Continental Express, but he still had more than $2100 left, which Larry hadn't expected.

That's why I say the US dollar is still the most durable currency these days.

Larry thought for a moment, then put all the money back on his person as before, and then took out his pistol and checked the bullets inside.

On a whim, Larry took a suede bag from the cabinet. This thing is similar to a shoulder bag and is considered one of the most popular handbags in the United States today.

Then, Larry stuffed some clothes and personal belongings into the bag and hid a box of 48 bullets in a crevice to make sure no one would find it.

When traveling far from home for the first time, it's essential to make thorough preparations.

At dinner, the father formally informed Larry and his mother that he had arranged a carriage to pick them up at 5:30 a.m. to take them to Boston train station, where they would then take the 6:18 a.m. train to Holliston, arriving at 8:00 a.m.

Larry and his mother nodded in agreement, and the three of them went to bed early after dinner, looking forward to the exciting tomorrow.

(End of this chapter)