March 16, 2009
Learn stock trading - With such a large sum involved, he had also to allow for the possibility that his buying might affect the market.
Except for some slightly erratic behavior at the end of 1958, texas instruments had been moving steadily upward for over a year, and the velocity of its advance had increased coincidentally with a marked rise in volume (A) in October. Darvas bought 2,000 shares the second week in April (B) at an average price of 94…œ. The following week, "as the stock continued to act well", he acquired 1,500 more at 97…ž (C). Within a few days he made a final purchase of 2,000 shares at an average of 101…ž (D)¢ On July 6th, texas instruments closed at 149½ (E), and it is at this point that Darvas takes off for Monte Carlo at the end of Chapter 10, with a new set of adjusted stop-losses waiting somewhere below the closing prices of his more than $2,250,000 worth of holdings. (thiokol chemical”continued) companied by such hectic trading that the N. Y.
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