The Nicholas Darvas Stock Market Trends Success Story (part 46)

Certain traders on Wall Street, basing their views on stock market trends, had decided that BRUCE’S book value and earnings indicated that the stock’s price should not be more than $30 a share. Therefore, they had started to sell the stock short between 45 and 50, confident they would be able to fulfill their bargains by buying it back at a price much nearer 30.

They made a grave mistake following these stock market trends, because there was one factor they did not know about. A New York manufacturer named Edward Gilbert was trying to oust the Bruce family from control of the company.

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