Robert Gordon's Great Campaign in Major Motors On Sunday, June 19, 1927, Robert Gordon spent the day studying his charts and working out his cycles for stocks, cotton and grain. He was short of Major Motors and was watching it very closely. On this day he made a new and great discovery of a time factor from which he figured that Major Motors would decline until about June 30th and then start an advance which would last until about September 16th, 1927, when the Company would be 19 years old and at that time the stock would reach final high and would then go down to February to April, 1929. He figured that the stock should advance to around 270 by September 16th and made up his mind to watch it closely and cover his shorts if it went down around June 30th, and then start buying the stock. On June 30th it declined and he bought in his short contracts and bought for long account 500 shares of Major Motors at 192-1/2. He decided to pyramid it all the way up. On July 15th he bought 500 shares at 204; on July 21st he bought 300 at 214 and on July 26th bought 300 more at 224. On August 5th the stock advanced to 230 and he raised his stop on 1600 shares to 225. On August 8th his stock was sold out at 225. He still believed that the stock would go up to around 270 by September 16th but he expected a reaction of about 12 to 15 points so he decided to wait for a few days and watch his charts to see how the stock acted. On August 12th Major Motors declined to 218, being down a little over 12 points as he figured, and he bought 1000 shares at 218. He placed a stop at 212, a point which he figured it would not decline to. The advance started, and on August 20th he bought 300 shares at 228; on August 24th bought 300 shares more at 238 and on August 26th bought 300 shares more at 248. When he started pyramiding, his plan was to buy or sell the largest amount first and then gradually decrease buying and selling smaller amounts on the way up or down, and always using a stop loss order. On September 7th the stock advanced to 253 and he raised his stop on his entire amount to 243. This stop was never reached but on September 14th a rapid advance was on and he bought 300 shares more at 258, giving him a line of 2200 shares of stock. He figured that it should advance on September 16th to around 270. When the market advanced to 272 at this time he sold out his 2200 shares at 272. He cleaned up a profit on this deal of over $80,000.00, and as he figured that the stock would make final top around this time he decided to put out a line of short stock and pyramid all the way down, remaining short for the long pull. On September 17th he sold 500 shares of the new Major Motors stock at 138 and 500 shares at 137 and placed a stop on it at 147.