The tunnel thru the air : $b or, Looking back from 1940Gann, William D. (William Delbert)
Religion
The tunnel thru the air : $b or, Looking back from 1940
Gann, William D. (William Delbert)
Imaginary wars and battles -- Fiction; Science fiction
He had made it a rule that after he had made a large amount of profits
that he would never risk more than 10 per cent of his profits on the
first new deal, and that if that deal went wrong and he lost 10 per
cent of the capital, he would decrease his trading so that the next
loss would only be 10 per cent of his remaining profits. In this way
he figured that the market would have to beat him ten consecutive
times for him to lose all the profits he had made, and his studies of
past records showed that this could never happen. He placed orders to
sell more Major Motors at 128, 118, 108 and 98 because he expected the
first decline to run until the latter part of December, 1927, and after
that time he would put out shorts again on a rally to hold and pyramid
on the way down into the Spring of 1929. His great discovery of what
stocks would do at a certain age enabled him to make enormous profits
when stocks reached the age where they would have fast moves up or down
in a very short time.
October, 1927, was a beautiful month in New York. The weather was warm
and the sun shone brightly every day. It reminded Robert of the Fall of
1926 when he had gone to Sherman, Texas, to visit Marie. He thought of
what a great change had taken place in one year, of the fortune that he
had made in the market, but money would not buy relief for his aching
heart.
Days, weeks and months had drifted slowly by, but no word from Marie
Stanton. She seemed to be lost as though the earth had swallowed her up.
The great decline in stocks which he forecast for the Fall and Winter
of 1927 took place and he made money rapidly on the short side of
stocks. He was selling short Central Steel and Major Motors and other
stocks. He had bought Corn and Wheat in October and made big profits
later in the year. Money was piling up fast and in the latter part of
October, 1927, he had made over $300,000. He had kept Marie's money in
a separate account from his own and her original $400.00 was now over
$20,000. Robert continued to keep her account separate; he wanted to
make all the _money_ he could and have it as a surprise for Marie, to
prove to her his faithfulness and thoughtfulness when she was away, and
also to prove his confidence in her return.
Public-domain text, read in full here on John Shaqi.
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