When the public hears that a pool is at work in a stock, they are very likely to rush in and attempt to make a few quick points of profit. This is a hazardous practice because usually the public does not hear of the pool until the pool is ready to sell to the public. And it is also hazardous because pools are by no means always successful. Last week came to light the story of a tremendous pool and its unhappy ending.
In October 1929, Chrysler common stock sold at $30. The firms of...
To continue reading:
or
Log-In
