The War of Resistance Against Japan: Special Operations Battalion Traverses Shanghai and Slaughters

Livermore walked into the VIP room and saw Shen Tunan and Wei Ruolai sitting there calmly drinking coffee.

Livermore walked over with a grin and plopped down on the floor.

“Mr. Shen, you’re amazing! Everything is exactly as you predicted. I just recited the speech you gave me word for word to these reporters.”

Shen Tunan nodded and smiled: "Mr. Livermore, you've done a great job. Have a cup of coffee and take a break. We'll continue buying stocks and going long later."

"Okay, Mr. Shen, I'll do as you say."

After the market opened, Shen Tunan handed Wei Ruolai a note, instructing him to use the remaining five million to buy shares in the companies listed on the note.

Throughout the day, Wall Street stocks continued to rise sharply, and trading volume doubled compared to the previous day.

After the market closed, Shen Tunan told Livermore that he didn't need to do anything for the next few days, and that he could just show his face here every day.

Ten days later, the Dow Jones Industrial Average rose all the way up and broke through the 150-point mark.

Of course, individual stocks also saw considerable gains.

For example, steel company stock rose from a low of $21 to $38, and General Electric stock more than doubled from a low of $7 to $14.

Moreover, major newspapers have devoted a significant amount of space to publishing various stock market news in the past few days.

All stock market investors and Wall Street were driven to madness by this sudden so-called bull market.

That evening, Shen Tunan invited Livermore out for dinner.

During the meal, Livermore couldn't help but ask.

"Mr. Shen, shall we start shorting?"

Shen Tunan smiled and nodded: "That's right. When others are crazy, I am fearful; when others are fearful, I am greedy. The financial market is, to put it bluntly, a zero-sum game, or a game of musical chairs. Someone has to take the last baton."

These words were not invented by Shen Tunan, nor could he have known them at that time.

These were all things that Long Fei had told him when they were talking in Shanghai.

Long Fei spoke without thinking, but Shen Tunan listened intently and secretly remembered everything.

Long Fei's father is the general manager of a financial investment company, so Long Fei has been exposed to this industry from a young age and is very knowledgeable about it.

Originally, Long Fei's father wanted him to work in this industry, but unexpectedly, Long Fei was admitted to a military academy and was selected to join the special operations brigade to become a special operations battalion commander.

Livermore had been anxiously watching the stock market go up against the wind these past few days, but now he was overjoyed to hear that short selling would begin tomorrow.

Shen Tunan then turned to Wei Ruolai and asked, "Ruolai, have you finished handling all the tasks I assigned you?"

Wei Ruolai nodded affirmatively and said, "Don't worry, sir, I have made all the arrangements."

"Okay, starting tomorrow, we'll go short. We'll sell off all the ten million we bought earlier, and then build up our short positions in batches over three days."

No one expected that the 10 million yuan invested not long ago would now have doubled in value.

Livermore's total stock account balance also increased to $520 million.

Following Shen Tunan's instructions, for the next three days, more than 100 million yuan will be used each day to short the market.

Because the trading volume of the entire stock market has now reached several billion US dollars per day.

So even though more than 100 million yuan enters the market to short sell every day, it has not stopped the stock market's upward momentum.

After all the funds had been invested, Livermore said to Shen Tunan with some concern.

"Mr. Shen, the stock market is currently in a frenzy, with a continuous stream of funds flowing in to buy stocks every day."

"If prices continue to rise, we will face huge losses."

Shen Tunan replied confidently, "Mr. Livermore, don't worry, today will be the last hurrah for Wall Street. Tomorrow we will begin our air raid on Wall Street."

Livermore was somewhat skeptical of Shen Tunan's words.

His most glorious moment in 1929 was when he made a fortune of $100 million by shorting the stock market.

But that was thanks to his keen sense of smell, his extraordinary analytical judgment, and his exceptional courage.

Simply put, Livermore's four previous rises in the stock market were all due to his unique insight and correct judgment.

In this collaboration with Shen Tunan, Livermore was simply contributing the fame he had accumulated.

Shen Tunan did not solicit his views or opinions.

Since Shen Tunan is trying to manipulate the market this time, all analysis and judgment are completely useless.

Livermore wasn't as confident as Shen Tunan. In his view, the stock market today is like a high-speed train.

Five hundred million is not a small sum, but trying to stop this train from moving forward would likely result in being smashed to pieces.

"Mr. Shen, to be frank, I think that although you have successfully manipulated the stock market before, causing the stagnant Wall Street stock market to suddenly erupt."

“But going short now is, in my opinion, going against the trend.”

Faced with Livermore's questioning, Shen Tunan asked with amusement.

“Mr. Livermore, as I have said before, times can make heroes, and heroes can make times.”

"It is indeed a bullish trend now, but we can reverse the trend because the recent rise in the stock market lacks a reason to support it."

"Therefore, the stock market could collapse in the blink of an eye at the slightest sign of trouble. Let's wait and see tomorrow."

Shen Tunan only touched on the subject briefly, maintaining an air of mystery, after all, the other party was American, and one should always be wary of others.

The next morning, Livermore, who had tossed and turned all night, got up early.

Then he hurriedly went out to have breakfast, preparing to get to the VIP room early to wait for the stock market to open.

As was his custom, Livermore bought two newspapers: The New York Times and The Wall Street Journal.

He planned to read the newspaper while eating breakfast.

But when he opened the newspaper, he froze instantly.

He discovered that today's newspapers were filled with articles from stock market experts and financial journalists, all warning of risks and predicting a market downturn.

Livermore's mind was buzzing; he couldn't understand how public opinion on the stock market could change so drastically overnight.

He didn't even have time for breakfast, because he knew that the stock market would most likely fall when it opened today, though the extent of the fall was unpredictable.

When Livermore arrived on Wall Street, a large number of reporters gathered there again.

Suddenly, Shen Tunan and Wei Ruolai appeared beside Livermore.

“Mr. Livermore, if reporters stop you for an interview when you go over there, you can tell them frankly that you are not optimistic about the current stock market rise and have already put all your money into shorting.”

Livermore stared at Shen Tunan and immediately understood.

"Was everything published in today's newspaper your doing?"

Shen Tunan smiled and nodded: "That's right, this is what I told you, heroes create the times."

Livermore smiled wryly and said, "Mr. Shen, thank you for teaching me a lesson. I didn't know the stock market could be played like this."

“Mr. Livermore, don’t be upset. We’re comrades in arms now, and if we win this battle, you’ll reap a great reward.”

Livermore nodded, straightened his clothes, and then, leaning on his cane, walked toward the group of reporters.