Reminiscences of a Stock Operator - Chapter XI Summary & Analysis

Edwin Lefèvre
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Chapter XI Summary and Analysis

Livingston has been trading in wheat and corn, and is selling those as well. Wheat prices are declining as expected, but corn is having a hard time getting to market due to weather on the roads. Someone is also buying it all up, raising the prices and causing Livingston to lose money. Through some market maneuvers, Livingston makes back enough money to cover his losses in corn.

Livingston hears about a famous cotton trader who has taken a spectacular loss. He decides to start buying cotton when everyone else is still selling it. As soon as he has most of the cotton, the price begins to rapidly rise and he makes a great deal of paper profit. The problem now is to convert that profit to cash, because when one has most of the market , as soon as one...

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This section contains 193 words
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