Chapter 217 Undercurrents (3

At 10 a.m. on May 2, 1908, the weather was clear and cloudless.

On Wall Street, New York, USA, financial giant Morgan is sitting in his office, talking about the recent stock market situation with his son Morgan Jr. and his right-hand assistant Bob.

When talking about the rubber company stocks, Bob showed a weird look and said to Morgan: "Mr. Chairman, the manager of a securities company in our area recently reported to me that the rise in the rubber company's stock price has exceeded their pre-estimation. There are several rubber company stocks with good performance that have even tripled the prices."

Although Morgan is already rich enough to rival a country, his desire for money never stops. Morgan is always one step ahead of others in grasping emerging industries. Therefore, he issued an order early, ordering his securities companies to slowly purchase stocks of various companies related to rubber.

After hearing Bob's words, Morgan immediately knew that in addition to himself and his alliance companies, there were others who were building positions vigorously. He couldn't help but ask with interest: "Is that so wise? Is it so wise to find out who it is. Like us, did he buy a lot?"

Bob replied carefully: "First, the Jewish consortium we found..."

Before Bob finished speaking, the little Morgan, who stood beside him, snorted: "These groups of vampires are indispensable everywhere."

"Nonsense" Morgan showed a look of fear, glared at Morgan, and said to Bob: "The Jewish consortium, especially the super family, is extremely accurate and fast. They entered the market to build rubber stocks, which was as expected by us. But, besides them, who else did you find out that you are buying large quantities?"

"It's Chinese" Bob showed a strange look again and said with a wry smile: "Sir, you absolutely couldn't imagine it."

"Oh?" As Bob expected, Morgan showed a look of surprise and sighed: "I really didn't expect that, Mr. Bob, have you found out the approximate amount of rubber stocks they bought?"

"According to our preliminary statistics, Chinese people have opened more than a dozen small securities companies in various names to buy stocks. They have purchased more than 90,000 US dollars in total, of which only less than 10 million US dollars are used to purchase military stocks, chemical stocks and other stocks. For the remaining more than 80,000 US dollars, they have bought all the shares of rubber companies. So far, the total amount of their stocks has appreciated to 215 million US dollars." Bob reported in a deep voice.

"Oh God, these yellow-skinned monkeys, they are simply robbers." The Morgan and his son, who were rich and powerful, exclaimed at the same time.

Although financial tycoons such as Morgan know that with the booming development of industries such as automobiles, rubber stocks will rise sharply. However, they have many sources of wealth, and for them, seeking stability is the king.

Their wealthy funds are used to enter the market when the stock market is extremely sluggish or collapsed, and when it enters the market in large quantities to sweep its positions, it can not only win the reputation of saving the market, but also make a fortune. Why not do it?

Moreover, these financial tycoons are well aware that the stock market is very risky, and they will never take risks during the stock market's rise and invest too much money in a stock.

Morgan and his son were very surprised to learn that the Chinese were not only prescient but also bought a large amount of rubber stocks. Therefore, when they heard that the Chinese actually made a desperate bet on rubber stocks and won a prize of over 100 million US dollars, they couldn't help but be amazed.

In the next period of time, rubber stocks will continue to double. If Morgan and others knew that Chen Hao would not know, they would continue to build large positions in rubber stocks, and I don’t know what they would think.

"Mr. Bob, after making so much money, have these desperate greedy Chinese sold their stocks to cash out?" After amazement, little Morgan asked in a pondering manner.

Upon hearing this, Morgan shook his head gently, glanced at his son, and thought to himself: His son inherited his business talent, although he was also very talented and extremely smart. However, he had not experienced some setbacks and was a little immature, so he should give him more opportunities for practical training.

After hearing Morgan's question, Bob replied with a smile: "Mr. Vice Chairman, the trading of rubber stocks is not very active at present. Because investors who want to build positions are hesitant to see the sharp rise of rubber stocks. And investors who want to reduce positions are reluctant to sell them when they see a new high a day. Therefore, it is not easy for Chinese people to sell 200 million US dollars, because no one has the financial resources to take over."

Morgan nodded and said with a smile: "It seems that these Chinese people are still in vain in the end. If they don't get any benefits, maybe in a few months, rubber stocks will plummet. If their stocks cannot be sold, they will lose money."

"This won't happen." Morgan couldn't listen and frowned and said to Morgan: "Dear John, you should go to the rubber market to investigate the demand for rubber in major industrial powers. According to my estimate, according to the current upward trend, rubber stocks may continue to rise sharply in the next two years, and the market will fall into madness. The cunning Chinese are likely to choose that time to ship."

"Will these greedy yellow people like God be more cunning than the Jews?" Morgan was always respectful to his father's prediction and exclaimed again when he heard this.

"Mr. Chairman's judgment is very correct." Bob said in agreement: "These cunning Chinese people are likely to have heard some inside information and know that rubber stocks will continue to rise. Therefore, so far, they are still increasing their positions."

"What?" Morgan and his son were shocked again. They were speechless about the excessive greed of the Chinese.

Bob advised: "Mr. Chairman, we cannot watch the Chinese make such huge profits. Therefore, I suggest hitting them in the stock market and letting them get out of the way."

"It's right," said Morgan happily: "We want these yellow-skinned monkeys to understand that the stock market in the United States of America is not allowed to do whatever they want."

Morgan thought for a while and asked Bob: "Mr. Bob, before attacking these cunning Chinese, I would like to ask you a question first, do these Chinese have raised funds to buy stocks? If there is financing, is their financing ratio high?"

Bob certainly understood what Morgan meant and replied with a wry smile: "Mr. Chairman, they all use their own funds to buy stocks without financing."

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Chapter completed!