Word: stockings
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Dates: during 1980-1989
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...Having fled the market, Goldsmith declared, "I am a spectator, and will remain a spectator for the time being." An important factor that prompted Goldsmith to bail out of the market was the stubborn U.S. trade deficit, which, he had assumed, would eventually cause interest rates to rise and stock prices to fall. Said he: "This is exactly what has happened...
...York City brokerage, earned a $13,750 profit last Monday using the same method as Cafazza: put options. Parameswaran made such a gamble on 5,000 shares of National Semiconductor, a Santa Clara, Calif., electronics company, which zoomed in value from 25 cents to $3 a share as the stock price of the firm tumbled 2 1/4 points on Monday, closing at 15. "I could have waited and got $4.25 per share for the options," Parameswaran said, "but I was not greedy...
There was more optimism than calculation behind the investment strategy of Ian Brown, 39, a Beverly Hills, Calif., plastic surgeon. Brown jumped into the stock market for the first time last week as the Big Board reached its record bottom, on the theory that things could hardly get worse. He bought $30,000 worth of shares in high-technology firms like IBM, Microsoft and Apple, with no intention of selling at all. Said Brown: "Now I'm just going to sit on them and watch and wait." By Friday the doctor's first foray into stocks was already beginning...
...team you can name, not just the Cardinals, Drabowsky was a relief pitcher in the '60s famous for his sense of humor and a proclivity for charging long-distance calls to the bullpen telephones. Retiring to a brokerage, he wrote a book titled Everything I Know About the Stock Market, filled with empty pages. Just last week he thought of adding a chapter. But on an unlikely afternoon in 1966, Drabowsky turned into the sort of World Series hero Dan Gladden and Tom Lawless have just become, not to mention Al Weis, Al Gionfriddo and a lot of ordinary...
...giddy rise of the stock market, no figures have been so celebrated -- and so scorned -- as the precocious young brokers and investment bankers reveling in million-dollar co-ops, BMWs and American Express Gold Cards. These are the yuppies, the generation of boastful baby boomers who had never before known a bear market. But last week's wild market gyrations, coming on top of recent layoffs on Wall Street, have left them breathless. "All of a sudden, people in my age group have come of age," says Ian Wiener, 26, a portfolio manager for Clemente Capital, a Manhattan money-management...