In the 1940s, information transmission was far from being as convenient as it is in the 21st century, and newspapers were still the primary means of communication.
David Walsh, who was far away in New Mexico at the moment, had not yet received the news of the stock price plunge.
Some shareholders tried to contact David Walsh to discuss how to recover their losses, but when they called Albuquerque, the assistant told the shareholder that David Walsh had gone into the mountains to explore with a mining team.
The next day, Wash Mining's stock price continued to fall, but not as violently as yesterday, only falling a few cents to 13.8 cents per share.
The next day it continued, changing to 12.1 cents per share.
The shareholders were as anxious as ants on a hot pot. They finally contacted David Walsh on the third night. David Walsh was also shocked to hear the news of the sharp drop in stock prices.
The newspaper reported that Professor Guzman's mining theory was incorrect, but it caused a sharp drop in the stock price of Wash Mining Corporation. What kind of thing is this?
"David, you have to find a way to stop the stock price from falling." The caller was the second largest shareholder in the company, second only to David.
David Walsh was a little annoyed. I worked hard in the mountains to look for minerals for the development of the company, and I didn't eat or sleep well every day. You guys just sit at home and enjoy the air conditioning, while the stock price is falling and I have to think of a solution.
"What can I do? I guess the stock price will stabilize after the news passes." David Walsh said irresponsibly.
The major shareholder was very angry after hearing what David said. "David Walsh, you are the chairman. You should take full responsibility for any problems that occur in the company. If you cannot manage the company well and cannot make profits for shareholders, I will apply for a shareholder meeting to re-elect the chairman."
David Walsh was a little anxious.
Damn, here we go again.
Last time I was forced to give up the position of chairman, and now it’s happening again.
"Didn't we agree at the last shareholders' meeting to give me two years? And it's only been a little over half a year," David Walsh said in a softening tone.
"I'm wondering if you will ruin the company within two years. Walsh, I'll give you a week at most to find a way to solve the company's problems. Otherwise, as the second largest shareholder, I will propose to convene another shareholders' meeting to discuss replacing the chairman and hiring a new CEO."
The shareholder boasted and hung up the phone.
David Walsh sat dejectedly on the bed. There was nothing he could do now, unless a large mine was discovered. In that case, he believed that the company's stock price would soar.
But after several months in the mountains, there was no harvest at all. Only scattered pyrite veins were found, which were not large enough and had no mining value. He now doubted whether Professor De Guzman's theory was correct.
Maybe that old guy is just lying.
The problem now is that the shareholders are chasing him and asking him to find a solution, but what can he do?
He suddenly thought of the newspaper.
Since the stock price plummeted because of newspaper reports, can't it be clarified in the newspapers?
He remembered the last time he broke the news about Ava Gardner to the Los Angeles Times, and he had the phone number of the press station, so he immediately picked up the phone and called.
"Hello, is this a reporter from the Los Angeles Times? I'm the chairman of Wash Mining. Are you interested in interviewing me about the news on New Mexico's mining industry?"
The sharp drop in mining stock prices in the past two days was indeed news. The Los Angeles Times received a call from the chairman of Wash Mining and expressed interest, agreeing to interview him.
......
At this time,
Hardy has stopped shorting.
Started secretly buying shares of Wash Mining.
When he shorted Wash Mining, the price was $0.31 per share, and now it has dropped to $0.12 per share, a drop of more than 61%.
Hardy used a 5x leverage and calculated that after deducting financial institution fees and other expenses, he could earn $500,000.
Good fellow.
Financial operations are all about making money, which is even more brutal than robbery. Just one simple operation is more profitable than the two robberies he made on the Spanish Gang.
The share price of Wash Mining may still have room to fall, but Hardy thinks it won't be much. After all, it was just fake news, and Wash Mining didn't have any substantial problems. As for the recent big drop, it was mostly due to people's instinctive distrust of junk stocks.
Now is almost the time.
Hardy sold his shares.
However, he turned around and started to go long again, using more than 40 accounts to purchase Wash Mining shares in the market.
The downward trend that was originally seen today has gradually stopped due to Hardy's acquisition.
By the closing time.
Hardy has acquired more than 400,000 shares.
The stock price also stabilized at 0.12 yuan and did not continue to fall.
The next day.
The stock price of Wash Mining remained flat, and Hardy quietly purchased another 200,000 shares.
On this day.
The Los Angeles Times published an interview with David Walsh, chairman of Walsh Mining. David Walsh said that the company's business is now in good condition. He is leading a mining exploration team and working day and night in the mining area. He believes that Professor De Guzman's theory is correct. After all, Professor De Guzman is a famous geologist.
A few days later.
Hardy has been quietly buying shares of Wash Mining.
People found that
The stock price of Wash Mining has gradually risen from the lowest point of 12 cents to 14 cents, which is a big increase for a low-priced stock.
By this time, Hardy had acquired more than 1 million shares of Walsh stock.
It hasn't stopped yet.
Still slowly collecting.
......
This day.
A car arrives at the mining area.
Two reporters got out of the car.
David Walsh has been living in the mine these days. He was originally a millionaire, but because of a stock price fluctuation, his wealth was reduced by more than half.
He was very unwilling.
He hoped to find a copper mine on this land, even if it was just a small mine, which would make up for his investment.
But these days still nothing has been achieved.
In his mind, he had cursed Professor de Guzman a hundred times.
Especially after drinking, he cursed Professor Guzman as a big liar. If it weren't for him, how could he have to eat dirt in this damn place? Wouldn't it be better to drink and pick up girls in a big city and live a comfortable life?
Two reporters found David Walsh and took out their press cards to identify themselves.
"Hello, Mr. David Walsh. We are reporters from the Los Angeles Financial News. We would like to interview you. Do you have time?"
When David Walsh heard that it was a reporter from the Los Angeles Financial Times, he was furious. The report was originally published by the Financial Times. If it weren't for them, how could his company's stock price fall so drastically.
David Walsh said excitedly:
"I think your report is very irresponsible. Why do you say that Professor De Guzman's theory is wrong? Why do you say that the mineral veins in Arizona cannot be extended to New Mexico? You say that Professor De Guzman's theory is speculation, and your report is groundless speculation."
The two reporters were in a good mood. They just smiled after hearing what David Walsh said. "So we came here to interview you. We wanted to ask you what you have to say. By the way, you have been searching in the mountains for several months. Have you found any large mineral veins?"
David Walsh's momentum was stifled by the reporter's question.
It is an indisputable fact that he spent several months without finding any mineral veins.
But he knew that if these things were reported by the Los Angeles Financial Times, the stock price might fall again.
He blinked, and suddenly an idea came to him.
"Who said we haven't found any mines? We have already made some discoveries. Come with me." After saying this, he walked forward with the two reporters.
Stopping in front of a pile of rocks in front of the camp, David Walsh pointed at the rocks and said, "Look, these are all mineral specimens we collected from the mountains."
After that, he picked up a piece of ore the size of a watermelon from the ground, held it in his hand and said, "Look, this is copper ore. Since we can find copper ore, it means there must be a mineral vein here."
"Moreover, copper mines are often accompanied by gold mines. Once gold mines are discovered, the value of the mine will increase greatly."
One of the two reporters took out a notebook and kept taking notes, while the other held up a camera and took pictures of David. David cooperated very well, holding the ore in both hands, grinning at the camera, and posing in what he thought was the handsomest pose.
David was lying.
The ore in his hand was not copper ore, but a piece of pyrite, but it was somewhat similar to copper ore. The two reporters were laymen, and he guessed that they could not tell the difference.
As long as they can fool around today and report in the newspaper that there may be copper mines on the land they bought, I believe the stock price will not fall.
Isn’t stock just buying hope?
If the heart is there, the dream is there.
The photographer took several photos of David Walsh from front to back, and then took a lot of photos of the pile of ore.
The reporter asked again:
"Mr. Walsh, what do you think of the stock price of Walsh Mining?"
David Walsh put down the ore, dusted off his hands and told reporters: "I think the value of Walsh Mining is seriously underestimated."
"We have discovered traces of mineral veins here, and perhaps we will find gold mines with higher value. By then, the share price of Wash Mining will soar tenfold or even twentyfold. Now is a good time to buy in."
"It seems that you are very confident about digging out a large amount of minerals?"
"Of course I have confidence. I believe that in the future, Wash Mining will become a mining giant in the United States and even the world, and will do business all over the world."
It’s free to brag anyway.
David Walsh was there, blowing his trumpet.
The two reporters interviewed people at the mining camp for half a day, asked many questions, and shot four or five rolls of film. They left in the evening.
David Walsh waved goodbye to them.
Watching the car leave, he muttered to himself, "The quality of the Los Angeles Financial Times reporters is even higher than that of the Los Angeles Times. The last time a reporter from the Los Angeles Times came, he stayed for less than half an hour, asked a few questions and left. Look at the Financial Times. They interviewed me for half a day and took dozens of photos. That's what professionalism is."
In the days that followed,
David Walsh had been looking forward to the Los Angeles Financial Times report.
He believed that after this positive report came out, the company's stock price might go up a bit, and those guys on the board of directors wouldn't have to keep clamoring to replace him.
Three days later.
The story about the Wash Mine finally came out.
When David Walsh saw the report, he was shocked. Was that what he said at the time?
Isn't this a bit too much?
A color photo in the newspaper showed David Walsh grinning as he held the ore.
Main title:
"David Walsh, chairman of Walsh Mining, said that he had found a large mineral vein on the land he purchased, accompanied by gold mines."
Subtitle:
"David Walsh, chairman of Walsh Mining, said that Walsh Mining will become a mining giant in the United States and even the world."
......