Charles Merrill said calmly, "It's not that bad, William. You can see that ABC's advertising conference is scheduled to take place on the third day after ABC is listed."
This shows that when Donnie thought of this idea, it was very rushed. If it had really been a plan capable of making a huge profit for ABC, Donnie would have confirmed it before running into our issue. The best time would be to hold the bidding conference on the day ABC is listed, or the day before. Only then could it better drive ABC's stock price."
But that's not the case right now.
Three days is a very long time in the stock market. You must understand that people develop inertia. If we can cause ABC's stock price to plummet on the day it goes public, then the major securities firms will re-evaluate ABC's stock price. It would be impossible to recover quickly with retail investors alone!"
