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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. When Livingston is looking at the price of Tropical Trading what is the market doing?
(a) Fluctuating wildly.
(b) Going up.
(c) Going down.
(d) Staying the same.

2. What does Livingston suggest is the reason for urges?
(a) Being competitive.
(b) Being fearful.
(c) Human nature.
(d) Small warnings.

3. What does Livingston believe about this famous stock manipulator?
(a) That he was a scoundrel.
(b) That he should have been arrested.
(c) That he broke the law many times.
(d) That he would be successful anytime.

4. Why doesn't Livingston make any money no matter how hard he tries?
(a) He had to start with too little.
(b) He has lost his enthusiasm.
(c) Market conditions aren't right.
(d) He has lost the pattern.

5. Why was Consolidated Stove formed?
(a) In order to sell gas stoves.
(b) So it could be traded on Wall Street.
(c) To play the market with a company.
(d) So the President of the company could retire.

Short Answer Questions

1. In what kind of shape is Imperial Steel?

2. What does Livingston say a trader needs to make a good decision?

3. From where does Livingston say urges arise?

4. What does Livingston say about a drop in a stock price?

5. Who does Livingston say is complicit in insiders' manipulations?

Short Essay Questions

1. What does Livingston warn about various conditions that affect the market?

2. What does Livingston do when he returns to New York?

3. What does Livingston say about broker letters?

4. What does Jim Barnes ask of Livingston? How was Consolidated Stove formed?

5. What does Livingston do to keep from being broke again?

6. Is Livingston asked for tips? What does he say?

7. What does Livingston do about all his debt?

8. What does Livingston notice about the price of Tropical Trading and what does he do about it?

9. What does Livingston do when insiders in Tropical Trading try to knock him out of the market?

10. What does Livingston say when people say a stock drops because someone sells it?

(see the answer keys)

This section contains 812 words (approx. 3 pages at 300 words per page) View a FREE sample