Ten Years in Wall Street Or Revelations of Inside Life And Experience On Chang
Ten Years in Wall Street Or Revelations of Inside Life And Experience On Chang
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In our eReader you can find the full English version of the book. Read Ten Years in Wall Street Or Revelations of Inside Life And Experience On Chang Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Ten Years in Wall Street Or Revelations of Inside Life And Experience On Chang
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But so it was. He had sold (rumor said) thirty thousand shares, one-third of the capital stock, in the form of " calls. " He who sells calls in a stock, acts upon the supposition that the price will not rise higher than the price named in the calls ; he is a bear, and the party who buys and holds the calls, is a bull in the stock. A call sold by an operator who is known to be wealthy and able to respond when called upon for the stock described in the call, is often as al ready mentioned, used a...s a margin by the holder to sell short that particular stock. Suppose, for example, that Daniel Drew sell to John Smith, in consideration of one hundred dollars, the privilege of calling on him, Daniel Drew, for two hundred shares of Harlem at 145 at any time within thirty days. John Smith takes this contract to his own broker and orders him to sell short, two hundred shares of Harlem, at 145. If the price of the stock goes down, John Smith buys it at the reduced price, delivers it to the party to whom he has contracted to deliver it at 145, and makes, as his profit, the difference.
What to read after Ten Years in Wall Street Or Revelations of Inside Life And Experience On Chang?
You can find similar books in the "Read Also" column, or choose other free books by Fowler William Worthington to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
But so it was. He had sold (rumor said) thirty thousand shares, one-third of the capital stock, in the form of " calls. " He who sells calls in a stock, acts upon the supposition that the price will not rise higher than the price named in the calls ; he is a bear, and the party who buys and holds the calls, is a bull in the stock. A call sold by an operator who is known to be wealthy and able to respond when called upon for the stock described in the call, is often as al ready mentioned, used a...s a margin by the holder to sell short that particular stock. Suppose, for example, that Daniel Drew sell to John Smith, in consideration of one hundred dollars, the privilege of calling on him, Daniel Drew, for two hundred shares of Harlem at 145 at any time within thirty days. John Smith takes this contract to his own broker and orders him to sell short, two hundred shares of Harlem, at 145. If the price of the stock goes down, John Smith buys it at the reduced price, delivers it to the party to whom he has contracted to deliver it at 145, and makes, as his profit, the difference.
What to read after Ten Years in Wall Street Or Revelations of Inside Life And Experience On Chang?
You can find similar books in the "Read Also" column, or choose other free books by Fowler William Worthington to read onlineMoreLess
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