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


To: Iceberg who wrote (23)2/15/1999 11:05:00 PM
From: Rex Dwyer  Respond to of 42
 
Plunger is used many times.
Here's my first sighting of a form of "plunger."
Hardback edition, Fraser Pubs, 3rd printing 1992.

Page 78.
"I wasn't thinking of anything except that I was right-100 percent right- and that this was a heaven-sent opportunity. It was up to me to take advantage of it. I sold more. Did I think that with such a big line of shorts out, it wouldn't take much of a rally to wipe out my paper profits and possibly my principal? I don't know whether I thought of that or not, but if I did it didn't carry much weight with me. I wasn't plunging recklessly. I was really playing conservatively."



To: Iceberg who wrote (23)2/15/1999 11:12:00 PM
From: Rex Dwyer  Respond to of 42
 
Boy Plunger
Hardback edition, Fraser Pubs, 3rd printing 1992.

Page 92.
"But now not only did my confidence in myself grow stronger but my brokers ceased to think of me as a sporadically lucky Boy Plunger. They had made a great deal out of me in commissions, but now I was in a fair way to become their star customer and as such to have a value beyond the actual volume of my trading."



To: Iceberg who wrote (23)2/15/1999 11:16:00 PM
From: Rex Dwyer  Respond to of 42
 
plunged
Hardback edition, Fraser Pubs, 3rd printing 1992.

Page 94.
"And now when I decided to sell I plunged. Since we undoubtedly were entering upon a genuine bear market I was sure I should make the biggest killing of my career."




To: Iceberg who wrote (23)2/15/1999 11:24:00 PM
From: Rex Dwyer  Read Replies (1) | Respond to 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



To: Iceberg who wrote (23)2/15/1999 11:34:00 PM
From: Rex Dwyer  Read Replies (1) | Respond to of 42
 
I don't understand this yarn about Joshua Wolff.
I begins on page 273.

The third man was Joshua Wolff.
...
[snip]
...
"I never trade in them Curb stocks!"


I don't get it. Can anyone explain?

Rex