The Romance and Tragedy by William Ingraham Russell
page 40 of 225 (17%)
page 40 of 225 (17%)
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one does not hear so much of.
Before I went home that day I had bought five hundred shares of stock and had deposited as a margin five thousand dollars. I was told that the margin would surely be ample to carry the stock through any possible fluctuations, that I was not to feel alarmed if I saw the price go off a point or two, and that I was certain to see a twenty-point rise within a few weeks. On my way home that afternoon I, for the first time in my life, read in the paper closing prices at the Stock Exchange, before reading anything else. My stock was up half a point above the price I paid and I experienced a feeling of jubilation that was very pleasant. I saw in my mind my five thousand dollars transformed into fifteen thousand. It was great! At first I thought I would tell my wife about it, then decided not to do so, but to wait and surprise her with the good news when the money was made. Fatal mistake. Had I told my wife, as I should have done, she would surely have advised me to sell out the first thing the following morning and to let speculation entirely alone. The following day the price receded a full point Then, for a week, |
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