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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Paul Shread who wrote (18442)9/11/2001 10:28:07 PM
From: Raymond Duray  Read Replies (1) of 52237
 
Hi Paul,

I have a friend who was a stock broker in November, 1963. When the assassination occurred the markets immediately tanked. My friend called on some of his clients and suggested that they might want to look at purchasing some shares at distressed prices. Several placed limit orders near where the markets settled when they were halted. None of the orders were filled. The purchases of shares at the lower prices prevailing just after the news of the assassination hit the wires was largely limited to institutional buyers, and by the time the markets were allowed to re-open, there were no longer any bargains available to the retail investor.

-Ray
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