Word: sells
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Thurmond Shaddix, a bank clerk in Atlanta, bought the stock of a machinery-parts manufacturer, Breeze Corporations, at 20. When the shares hit 37 in May, he asked his broker if he should sell. The broker advised holding for larger gains. The price has since dropped to about 14, giving Shaddix a 30% loss on an investment that once showed an 85% profit. "I'm really burned about that one," says Shaddix, who also has a small loss in some blue chips...
...others, the losses are all too genuine. A Portland, Ore., printer borrowed heavily to buy a new issue of a computer manufacturer at 5. When the stock dropped to 21, his loan was called, forcing him to sell. Altogether, he lost about half of his $2,000 investment. Sylvan Fry, 53, a manufacturer's agent, began investing for the first time last winter, buying oil, chemical and computer issues. On paper he has already lost $6,500 of the $11,400 that he started with. George Ratliff Jr., 39, a Pittsburgh steel-company engineer, began 1969 with a portfolio...
...company executive who early this year sold all his previous holdings and put the proceeds into Nuclear Corporation of America at 5 and Aero-Flow Dynamics at 14. Last week Nuclear sold as low as 41 and Aero-Flow dipped under 12. Says the executive: "I can't sell. I can't afford the loss." Besides, he adds, "The market is bound to start up-maybe this week. I would go back into the market right now if I only had some money...
While investors are brooding over the deterioration in stock prices, their brokers are grappling with many longer-range problems that will importantly affect the future of the securities business. Should brokerage houses be permitted to sell their own shares to the public? What kind of commission discounts should the stock exchanges give to the big institutional investors? The answers to these and other basic questions will depend largely on the views of the Securities and Exchange Commission, Washington's watchdog over Wall Street. The times would seem to call for a tough-minded decision maker as SEC chairman...
...example, a regulation that would apply the requirements of the Truth in Lending Act to margin loans has been debated since May without a decision, and no final action has been taken on a proposed rule regarding corporate names. Under the rule, a company's registration statement to sell stock would be deemed misleading if the company's name contained such words as "missile" or "space" but the firm did no work in those fields...