Word: cahnman
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Small wonder, then, that a lithe, black-bearded man is nimbly dashing among three octagonally shaped enclosures, known as pits, where the trading takes place. Ray Cahnman, 34, is resplendent in a jacket that is Kelly green, the identifying color of a clearinghouse that guarantees his credit. Suddenly he spots the man who is bobbing up and down in the crush like a crazed jack-in-the-box and still screaming "Even 17 D's!" Raymond Elbin, wearing the apple red coat of another clearinghouse, is offering to buy 17 $100,000 Treasury bonds next December...
...onetime tennis instructor, Cahnman began playing the Chicago market three years ago when he gave up his job as a computer-time salesman, scraped together $5,000 and bought a permit to trade Ginnie Mae futures. Although he refuses to divulge his earnings, he has done well enough to buy a full membership in the Board of Trade for $135,000, which allows him to wheel and deal in all phases of the market. But there have been frightening lurches along the way. "Three tunes I've lost massive amounts of money," admits Cahnman, who is married...
| 1 |