Word: sellers
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Dates: during 1990-1999
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...wild as the week may have looked to spectators, in the trenches on Wall Street it was hand-to-hand combat. I tried to make stands on stocks big and small, only to be overwhelmed by huge sellers. Take General Electric: on Friday I bought shares at $75, then $74 and then $73, and then I doubled down at $72 with 18 minutes left before the bell. For a minute, I wanted a hemlock cocktail, as it flashed on my screen that Microsoft had just overtaken GE as the world's largest capitalization stock. But then the mischievous GE seller...
...seemingly good news, but the stock was at $44 by the time I got confirmation of the trade. Sure, some of the lack of liquidity might stem from the large number of traders still vacationing, but most of it came from fear--fear that if the sellers didn't act fast, someone would act faster. Those who don't have to look at their positions day to day could feel gratified by the discounts. In my foxhole, though, the battle was to contain the losses and preserve the capital, not to take the offensive, at least not until the political...
...contrast to that sense of irremediable loss, Verghese delivers a more affirmative view of the understandings that arise from heartbreak. With his first book, My Own Country (also in 1994), he won prizes and best-seller status with his humane account of being a foreign doctor tending to AIDS patients in Bible Belt Tennessee at a time when neither homosexuality nor drug abuse was much acknowledged. Now he has turned to the fault lines in himself and in a profession that encourages its practitioners to believe that "M.D. stood for M. Deity...
...books (children's stories, a novel, a short-story collection, and his latest, a travelogue/ memoir called A Pirate Looks at Fifty) that last month Buffett became one of only six writers to reach the No. 1 spot on both the New York Times' fiction and nonfiction best-seller lists. (The others: Ernest Hemingway, John Steinbeck, William Styron, Irving Wallace and Dr. Seuss.) Buffett, quoting one of his early songs, says he is still "tryin' to figure out how I ever got here...
...Snoop has allied himself with No Limit, declaring himself a "No Limit soldier," sharing in Master P's heat, his street cred. When Snoop's new CD, Da Game Is to Be Sold, Not to Be Told, comes out on Aug. 4, it's expected to be a huge seller. "There was no other choice but to be there [on No Limit]," says Snoop. "[Other labels] couldn't provide for me the way P and them could...