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Agreed, Al. Great Book.
John Kosar
-----Original Message-----
From: Al Taglavore <altag@xxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Wednesday, August 12, 1998 2:12 AM
Subject: Re: More accumulation/distribution
>Dan, is this not the four phases of the cycle: accumulation, mark-up,
>distribution, mark-down. Then the cycle starts again. A good read,
>IMHO, is "Reminiscences of a Stock Operator" by Edwin Lefevre. There is
>a lesson in each chapter.
>
>Al Taglavore
>
>
>
>
>HARELSDB@xxxxxxx wrote:
>>
>> I have been reading "The Truth of the Stock Tape" by W.D. Gann and, in
>> addition to impressing me with his insights, the book has raised a
question in
>> my mind. If someone on the list can help, I hope the answer will give me
a
>> better understanding of how the stock market operates and a topic for
>> conversation at the next cocktail party I attend.
>>
>> Mr. Gann talks about "insiders" that manipulate stocks by accumulating
them
>> when prices are low and distributing them when prices are high. I
understand
>> how companies raise capital by offering stock through investment bankers.
I
>> also understand that companies occassionally repurchase stock to support
its
>> price. My question is, do companies routinely trade their own stock on
the
>> open market to raise capital by accumulating the stock when its price is
>> depressed and distributing it when its price is high. If they do trade
in
>> this way, how would one go about monitoring their transactions.
>>
>> Dan
>> Pocatello, ID USA
>
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