My Hair-Raising Ride

AFTER TAKING TWO MINUTES TO EXPLAIN THE BASICS, HARVEY Houtkin opens a trading account in my name and shows me to the driver's seat. To my right a hairdresser has just plunked down $39,250 on a stock, and she's riding it like a champion surfer. To my left a computer screen is alive with flashing rows of swiftly changing prices. "Remember, the trend is your friend," says Houtkin. Suddenly I'm feeling lightheaded.

Houtkin hits the keyboard, and prices for the stock of Cisco Systems, a volatile computer company, pop up on the screen. Fortunately, I'm told to ignore everything except two...

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