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Non-Tech : Jesse Livermore..In Honor Of A Pioneer

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To: Iceberg who wrote (23)2/15/1999 11:24:00 PM
From: Rex Dwyer  Read Replies (1) of 42
 
plunger
Hardback edition, Fraser Pubs, 3rd printing 1992.

Page 103.
"I told you how I'd got to be known in the New York office as the Boy Plunger. Of course people always magnify a fellow's winnings and the size of the line he swings. The fellows in the office had heard that I had made a killing in New York on the bear side and they now expected that I again would plunge on the short side. They themselves thought the rally would go to a good deal further, but they rather considered it my duty to fight it."


From this I think your definition is correct, for if "plunging" meant to go short wildly, he would not have had to say "plunge on the short side." Just "plunge" would have been sufficient.

Rex
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