Reborn in America, I am a legendary short seller on Wall Street.
Chapter 6: Dividing the Money and Disagreements
Chapter 6: Dividing the Money and Disagreements
At that very moment, the clock struck 12 o'clock, and the morning stock market closed.
Larry looked at the transaction slip in his hand, a relaxed expression on his face.
Logan, the red-haired man standing to the side, stared intently at the transaction slip, his mouth agape as he felt his throat go dry.
According to the rules of the betting company, after the person responsible for filling out the transaction form attaches the closing price and signs for confirmation, they have to rush to the cashier to exchange for cash.
At this moment, people preparing to go out for dinner are pouring out of the casino's lobby.
After Larry, Logan, and the others left, they walked to the teller's counter surrounded by iron railings and slapped the transaction slip on the counter.
The cashier looked at the transaction slip, first counting out $9 bills and setting them aside; then she continued counting out $29 and a quarter.
The two stacks of bills together totaled $38.25. After the cashier verified the amount, she handed the money to Larry.
Clutching a thick wad of cash, Larry and Logan exchanged a smile, both able to see barely suppressed joy in each other's eyes.
"Count it again. We are not responsible for any money that leaves the counter!" The cashier pointed to the red painted sign hanging on the iron railing.
They both counted the money carefully, and there was no mistake.
After leaving the gambling den, the two went under the eaves to divide the money.
The two earned $29 and a quarter from this transaction, which, combined with their original principal of $9, brought their total to $38.25.
Based on the original investment ratio, this money should be divided into 9 parts, each worth $4.25.
Logan invested $5 and got $21.25; while Larry invested $4 and now got $17.
Larry had already quickly calculated the exact amount each person should receive in his mind, but he knew the level of math skills among Americans, and besides, it was still 1891.
To prevent someone with a muddle-headed mind from getting involved, Larry simply imitated what a betting company cashier did.
First, count out the initial $9. Divide it into two equal parts: you get 5 and I get 4. Put both of them in your pockets.
Then the profits are divided and put into their own pockets.
Finish!
Logan kept his mouth agape as he pulled out a stack of bills, counting them over and over, his face glowing with excitement.
"Oh my God, that's $21!!"
“It’s 21 and a quarter dollars!” Larry quickly corrected him.
"Oh, right! Hahaha, this is the biggest sum of money I've ever seen in my life, my God!"
Logan put the bills in his pocket, then suddenly turned to Larry and said, "Look! Without my information, would we have made so much money? You should thank me, Larry!"
Seeing Larry remain silent, Logan continued to boast.
"From now on, you'll stick with me! I'll buy whatever I say! We'll make a fortune!"
Larry said coldly, "If we had listened to you and closed our position at $6 and a quarter, you would only have made $5 now."
Upon hearing this, Logan suddenly blushed and exclaimed, "Hey, that was just a misunderstanding! Besides, we didn't actually sell it!"
Larry put the money in his pocket, looked into the distance, and said softly, “You should remain humble, humble in the market and in front of your friends, Logan.”
Logan was just feeling smug, how could he allow Larry to speak like that!
Seeing Larry take a step to leave, Logan stepped forward and blocked his way, pointing a finger at Larry. "Hey! Little Larry, you need to remember who helped you! You're not allowed to say these things in front of me again, otherwise, you won't get any more information from me."
Larry rolled his eyes, thinking to himself that all teenagers throughout history and across the world are the same kind of idiots, always thinking that their pride is more important than anything else.
Larry didn't want to argue with him and was about to say something casual to brush it off when Logan suddenly stretched out his hand in front of him.
Logan shouted, "Oh, right! You have to pay an information fee, 50 cents! And that'll be the standard practice from now on."
Larry's face turned cold. He looked directly into Logan's eyes and said calmly, "Logan Stone, are you serious?" Larry's gaze startled Logan, but he still stubbornly shouted, "Of course! This is what you owe me."
Larry nodded, counted out a one-dollar bill, slapped it into Logan's hand, and turned to leave!
Logan was stunned. "Hey, you gave me 50 cents too much!"
As Larry walked away, he said, "The first 50 cents is for your information fee, and the remaining 50 cents is to ask you never to come to me for information again. We're even now!"
He spoke without ever turning around.
Logan was taken aback. He had only intended to scare Larry, but things had turned out so awkwardly, which was something he hadn't expected.
Logan, the red-haired man, opened his mouth as if to say something, but ultimately closed it, only muttering resentfully,
"Fine! Larry, you'll regret this!"
At noon, the two returned to Paine Weber Securities Company one after the other.
Mr. Potter, who was guarding the hall, started cursing at the two of them as soon as he saw them!
The two men had mixed feelings. On one hand, they were overjoyed at having just made money, but on the other hand, they had just fallen out. Now, faced with the general manager's scolding, they both lowered their heads and remained silent.
After Mr. Potter finished scolding them, he made a decision to punish them by deducting 50 cents from each person's weekly wage.
The two silently agreed.
As 1 p.m. approached, the staff at Paine Weber Securities Company seemed to be standing at the starting line, waiting for the starting gun to fire so they could begin their work.
At this moment, the clients in the sales department, those well-dressed gentlemen, had already taken their seats in an orderly manner, drinking the afternoon tea specially prepared for the upper class, chatting and waiting for the market to open.
Poor guys like Larry shouldn't even think about drinking tea. They drink 2-cent Americanos, which is plain coffee with nothing added, bitter and sour.
Larry held onto the horizontal bar of the ladder, waiting for the first quote to come from the telegraph machine.
Click, click, click!
The telegraph machine started up.
At the same time, the clock on the wall of the business hall also pointed to 1 o'clock.
The market opened in the afternoon.
Logan stood beside the quotation machine, and his voice trembled the moment he saw the quotation tape.
"Breington, seven and three-quarters dollars!"
When they sold Brorington shares at the betting company in the morning, the stock price had jumped to $8.5. After a midday period of consolidation, the market attempted to repric Brorington.
Logan glanced at Larry, who, without a second thought, wrote down the price of $7 and three-quarters after Barrington's, as if it were just an ordinary stock, like the thousands of other quotes he had copied down before.
Over the next hour, Brorington's stock price gradually declined, from $7 to $7.5 and then to $7.
By the close of trading, Brorington officially fell below $7, with the last bid at $6.5, almost completely erasing the day's gains.
Logan suddenly remembered something: when the stock price of Barrington rose to $7.5 that morning, someone used their entire $11 to buy Barrington shares.
I don't know if he has already conceded his losses and left the game.
$11! That's half a month's hard work and effort for a worker, all gone in one afternoon.
Logan turned his gaze to Larry.
Larry was tidying up his chalk and eraser, seemingly oblivious to everything that had happened in Barrington that day.
(End of this chapter)
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