By the close of the stock market yesterday afternoon, the price of Sinclair Oil Corporation's American stock had fallen by 3 cents from 48 cents!
Although time had actually only lapsed by a second, many people felt as if a long time had passed.
Then news came from Morgan's side that they had bought the 20,000 shares of Sinclair Oil Corporation that Jesse Livermore had dumped!
Seeing this situation, everyone knew that Harry Sinclair had made his move!
Now all eyes were on Jesse Livermore's response.
Half an hour later, Jesse Livermore dumped another 30,000 shares of Sinclair Oil Corporation!
And then Morgan bought them back!
With this back and forth, everyone became aware that Harry Sinclair had indeed resolved to maintain his company's stock price, and as a result, they also began snatching up shares.
