Jesse Livermore nodded and said, "That's right, I have to say, your opponent is definitely a formidable person who is frightening! He has taken everyone's psychology into account!"
As Jesse Livermore had said, Donnie could not bear the thought of ABC's share price falling below its initial offering price upon its listing, which would be very detrimental to his subsequent plans.
Obviously, the other party had guessed this.
And because the manipulator had aligned interests with his business partners, in an era where stock market laws were not robust, although he did not know who the opponent was, he was certain that this opponent was an immensely powerful figure. He could infer that the opponent would short ABC in violation of the laws, turning 20 million shares of ABC into a force of 40 million shares.