But now that everyone was bullish on Sinclair Oil Corporation's stock, no one was selling, there were only a few transactions of dozens of shares at a time.
Hence, when Jesse Livermore sold 10,000 shares of Sinclair Oil Corporation's stock, it immediately caught the attention of many.
At the close of this morning's trading, the market capitalization of Sinclair Oil Corporation stood at $49,653,350 US dollars, with a per-share price of exactly 49.65 cents.
However, such action did not attract the attention of the brokerage firms and Sinclair Oil Corporation, but regardless, these 10,000 shares were immediately bought up after they were sold.
Just when some people thought that this sell-off was merely a few stockholders who were forced to sell in exchange for cash, Jesse Livermore started his own maneuvers.
He was continuously selling off the stocks of Sinclair Oil Corporation while also deliberately pushing down the share price of Sinclair Oil Corporation!
