“Oh, no! He doesn’t want me to speculate on my own hook. He told me
so. He’ll buy or sell stock for me, if I ask him, but I’ve never before
done trading that he did not know all about. I wouldn’t dare tell him.”
“That’s all right,” said Haley soothingly. “He is a wonderful trader
and he’ll know just what to do.” Seeing her shake her head violently he
added devilishly: “Or else you put up a thousand or two to take care of
your Borneo.”
The alternative decided her then and there. She hung about the office,
but as the market got weaker and weaker she came over to where I sat
watching the board and told me she wanted to speak to me. We went into
the private office and she told me the whole story. So I just said to
her: “You foolish little girl, you keep your hands off this deal.”
She promised that she would, and so I gave her back her five hundred
dollars and she went away happy. The stock was par by that time.
I saw what had happened. Wisenstein was an astute person. He figured
that Mrs. Livingston would tell me what he had told her and I’d study
the stock. He knew that activity always attracted me and I was known to
swing a pretty fair line. I suppose he thought I’d buy ten or twenty
thousand shares.
It was one of the most cleverly planned and artistically propelled
tips I’ve ever heard of. But it went wrong. It had to. In the first
place, the lady had that very day received an unearned five hundred
dollars and was therefore in a much more venturesome mood than usual.
She wished to make some money all by herself, and womanlike dramatised
the temptation so attractively that it was irresistible. She knew how I
felt about stock speculation as practised by outsiders, and she didn’t
dare mention the matter to me. Wisenstein didn’t size up her psychology
right.
He also was utterly wrong in his guess about the kind of trader I
was. I never take tips and I was bearish on the entire market. The
tactics that he thought would prove effective in inducing me to buy
Borneo--that is, the activity and the three-point rise--were precisely
what made me pick Borneo as a starter when I decided to sell the entire
market.
After I heard Mrs. Livingston’s story I was keener than ever to sell
Borneo. Every morning at the opening and every afternoon just before
closing I let him have some stock regularly, until I saw a chance to
take in my shorts at a handsome profit.
Public-domain text, read in full here on John Shaqi.
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