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Non-Tech : Jesse Livermore..In Honor Of A Pioneer -- Ignore unavailable to you. Want to Upgrade?

To: Rex Dwyer who wrote (11)	2/9/1999 2:05:00 AM
From: Sun Tzu	Read Replies (4) \| Respond to of 42

The nearest thing to a bucket shop today is to trade an at the money option on or near the expirey day. In Jesse's days, the expirey was everyday <G> There are two things that I'd like to say about this book. The first is that if you don't read the section on bucket shops, you will not notice that the book was written 80 years ago. That means that nothing ever changes on Wall St (just ask Jesse). The other is that the more I read the book, the more I get out of it. Unfortunately, it seems that one needs the experience before he can fully appreciate what Jesse is saying. Sadly by then the "tuition", at least in part, has been paid. Great thread. I'll be seeing you guys. BTW, a few months ago I started a thread called "The Art of Investing". One of the guys published a good collection of quotes from The Reminiscences. There is also other good info there that you are wellcome to read. Cheers, Sun Tzu

To: Rex Dwyer who wrote (11)	2/9/1999 9:11:00 AM
From: dpl	Respond to of 42

"In Livingston's case. He could get whatever price was quoted at the time." You would "place you bet" and the next print on the tape would be your price.

To: Rex Dwyer who wrote (11)	2/15/1999 10:50:00 PM
From: Rex Dwyer	Read Replies (1) \| Respond to of 42

bucket shop - noun A fraudulent brokerage operation in which orders to buy and sell are accepted but no executions take place. Instead, the operators expect to profit when customers close out their positions at a loss. [From bucket shop, a saloon selling small amounts of liquor in buckets, from its resemblance to the forerunner of such brokerage operations, which dealt in small units of stocks and commodities.] The American Heritage® Dictionary of the English Language, Third Edition copyright © 1992 by Houghton Mifflin Company. Electronic version licensed from InfoSoft International, Inc. All rights reserved.