Word: ciuffetelli
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Dates: during 1990-1999
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...Gary Ciuffetelli once scraped out a living in a machine shop, but now he's getting ready to "ride a wave," as they say at All-Tech Investment Group in Suffern, New York. Dressed in shorts and a T shirt, the 33-year-old trader stares at a computer screen linked to the National Association of Securities Dealers Automated Quotation System (NASDAQ), the world's second largest stock market after the New York Stock Exchange. Sensing that Lotus stock is starting to climb, Ciuffetelli tells an All-Tech clerk to buy 1,000 shares. The clerk presses a few buttons...
...Ciuffetelli and his fellow small traders, who hope to parlay tiny price ! fluctuations into handsome profits, All-Tech and dozens of similar firms have become Wall Street's version of off-track betting parlors. Visitors to the Suffern office find plumbers, bartenders, retirees and out-of-work lawyers crammed elbow to elbow in nine rooms filled with clerks, computer screens and high hopes. The screens show the various "bid" and "asked" prices offered by dozens of marketmakers -- firms such as Goldman Sachs and Morgan Stanley that deal in specific stocks...
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