Safe Methods of Stock Speculation.
Containing practical information of the methods used by which the wall street millionaires have amassed vast fortunes, filched from the public, and explaining fully matters regarding manipulations that have heretofore remained a secret.
Stock Code 109792
Chicago, Frederick J. Drake & Co., 1902
Original price
£650.00
-
Original price
£650.00
Original price
£0.00
£650.00
£650.00
-
£650.00
Current price
£650.00
An early guide and exposé of the stock market written for would-be speculators warning them of its dangers and offering advice on how to succeed.
'The heroic remedy "of cutting it out" immediately regardless of price and loss, should be resorted to... A system should never be played... Wall Street is not a charitable institution, and is not distributing trustworthy and valuable information for the benefit of the public... It is impossible to make money by taking large losses and small profits... Beware of the stockbroker with a large following'.
Illustrated with interesting stock charts using zig-zag lines to demonstrate the movements in Union Pacific, and St. Paul, both railroad stocks, showing how they had been manipulated by the big pools, and with a fascinating chapter on 'Market Vocabulary' defining terms such as 'Bear.—A believer in lower prices', and 'Professionals.—Those who make speculation, usually of a scalping nature, their daily business. They rarely buy stocks to hold, but trade in and out every day'.
First edition; 8vo (17.5 x 12 cm); bookplate to front pastedown, illustrated with charts, final 11 ff. of publisher's ads. present; publisher's pictorial blue cloth, minor wear to extremities, slightly faded, internally clean; 103, [23]pp.
'The heroic remedy "of cutting it out" immediately regardless of price and loss, should be resorted to... A system should never be played... Wall Street is not a charitable institution, and is not distributing trustworthy and valuable information for the benefit of the public... It is impossible to make money by taking large losses and small profits... Beware of the stockbroker with a large following'.
Illustrated with interesting stock charts using zig-zag lines to demonstrate the movements in Union Pacific, and St. Paul, both railroad stocks, showing how they had been manipulated by the big pools, and with a fascinating chapter on 'Market Vocabulary' defining terms such as 'Bear.—A believer in lower prices', and 'Professionals.—Those who make speculation, usually of a scalping nature, their daily business. They rarely buy stocks to hold, but trade in and out every day'.
First edition; 8vo (17.5 x 12 cm); bookplate to front pastedown, illustrated with charts, final 11 ff. of publisher's ads. present; publisher's pictorial blue cloth, minor wear to extremities, slightly faded, internally clean; 103, [23]pp.
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