Reminiscences of a Stock Operator - Chapter XVIII Summary & Analysis

Edwin Lefèvre
This Study Guide consists of approximately 40 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of Reminiscences of a Stock Operator.
This section contains 169 words
(approx. 1 page at 400 words per page)
Buy the Reminiscences of a Stock Operator Study Guide

Chapter XVIII Summary and Analysis

Livingston notices the price of Tropical Trading stock has been run way up by the insiders, in spite of the fact that the overall market is going down. Livingston proceeds to start selling their stock short. The insiders keep fighting back by running the stock up again, but Livingston holds his position, knowing the stock must eventually turn. The insiders start spreading rumors about the company to keep the price high and try to knock Livingston out of the market. In retaliation, Livingston sells a large amount of stock in a parent company of Tropical Trading, which makes everyone think there is something wrong with Tropical Trading that only insiders of that parent company know. At this, the price of Tropical Trading drops sharply. This has to be repeated to counteract the inside trading, but eventually Livingston watches the...

(read more from the Chapter XVIII Summary)

This section contains 169 words
(approx. 1 page at 400 words per page)
Buy the Reminiscences of a Stock Operator Study Guide
Copyrights
BookRags
Reminiscences of a Stock Operator from BookRags. (c)2016 BookRags, Inc. All rights reserved.