Word: runup
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Pshaw. Convinced that blue chips have already had their fast runup, institutional investors are now concentrating on the vast mass of "secondary" issues. So far, the secondary issues into which the money is flowing are fairly good quality; brokers cannot yet see much sign of a speculative binge in low-priced and questionable stocks. Still, some of the old ebullience is returning. Market letters are full of advice to the investor on how to look for "bargains" among the many stocks that remain 50% or so below their peaks. The Dines Letter recently disdainfully dismissed any thought of conservatism...
...noted Ralph Creasman, president of the Lionel D. Edie & Co. investment counseling firm, would have been bigger except that "we'd already absorbed," discounted and anticipated a Nixon victory." Indeed, since the so-called "Nixon market" began its surge in August, the stock market has enjoyed a price runup...
...companies. At the exchange's request, Viola disclosed that at the beginning of June, Golden Arrow had owned 120,000 shares of Windfall, then bought an additional 38,000 shares for $30,778. All of these 158,000 shares, she said, had been sold during the runup-for a total...
...VIOLATIONS may have been committed by company officers and directors of Chicago's Comptometer Corp. who sold their stock during its recent big rise. Directors and officers sold 32,269 shares of stock without registering it with SEC. During runup of price of stock after announce ment that company's Electrowriter had been successfully tested by A.T. & T. for use on its public lines, four insiders sold 15,600 shares...
...with a description of a horse, Finney speaks slowly and distinctly, well aware that'many of the older members of the audience may be deaf and that the younger bloods, like as not, have just had four or five Martinis. Often when the bids hang after a quick runup, Finney interrupts the proceedings with a little spice. "Come on, gentlemen," he will say, "you're surely not going to let this fine horse go for only $7,500. Why, this filly is worth twice as much as the bid, just to breed, even if she never raced." (During...