Word: investors
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Dates: during 1960-1969
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...points in two days to close at 616.73, ahead 6.86 for the week. Wall Street wondered just how long the rally would last. The market had dropped 45.15 points during the 13-day period, and last week's rise was interpreted as the response of increased investor buying power to depressed stock prices. But the Street was hopeful, buoyed by the prospects of a better second half-year, and by reading the Republican and Democratic platforms, both of which seemed to promise more rapid economic growth and increased defense spending...
...Darvas and Julia (TIME, May 15, 1959). His book, How I Made $2,000,000 in the Stock Market, published five weeks ago, has already sold more than 100,000 copies. A key part of Darvas' system is the use of the "stop-loss order"; e.g., an investor with a stock selling at 40 instructs his broker to sell if the price dips below 38 to limit his loss. The catch is that if the only bid at the moment happens to be several points lower, the broker is required to sell. Thus, the seller who hoped to limit...
Among listed growth stocks, none has risen faster than one that appears on the ticker tape as FAV-for Fairchild Camera & Instrument Corp. An investor who bought $1,000 worth of Fairchild stock when it was selling at its 1958 low of 19½, and held onto it, last week would have had nearly $18,000 worth of stock. Fairchild makes a long list of imaginative products, ranging from a new silicon semiconductor to the first 8-mm. home sound motion-picture camera. It is one of the Street's most cherished buys, ranking with such rapid risers...
...Dark Vision. Whatever roles Shakespeare played onstage (some think his favorite part was the ghost in Hamlet), offstage he was a prudent investor and a bit of a snob. He bought a piece of the players' company, a piece of the Globe, and eventually paid ?60 for New Place, the second grandest house in Stratford. In 1596 his father pushed his long-dormant claim to a coat of arms, and the Shakespeares
...Holbrook has already given more than 1,200 performances of his one-man show, Mark Twain Tonight!, in more than 250 cities. An added measure of Mark Twain's enduring success is financial. Although he nearly always had to scramble for money, had miserable luck as an investor (he sank thousands into a futureless typesetting machine, turned young Alexander Graham Bell away from his doorstep without a cent), the author's estate last week, as reported to a Connecticut probate judge, was worth a figure approaching half a million dollars. In 1959 Mark Twain earned $57,691-mainly...