View a FREE sample

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

Multiple Choice Questions

1. Who does Livingston say is complicit in insiders' manipulations?
(a) Companies on the exchange.
(b) The press.
(c) Most brokerage firms.
(d) Stock manipulators.

2. What does Livingston notice about the price of Tropical Trading stock?
(a) The price fluctuates wildly.
(b) The price hasn't changed in four years.
(c) The price has been run up.
(d) The price is way down.

3. What does Livingston say cornering a market can do to a price?
(a) Influence it.
(b) Make the price go up.
(c) Make the price go down.
(d) Nothing.

4. Who does Livingston think benefits most from tips?
(a) Companies.
(b) Traders.
(c) Brokers.
(d) Insiders.

5. What happens after Livingston's initial action on behalf of Imperial Steel?
(a) Brokers begin buying their stock.
(b) The price bottomed out.
(c) The newspaper reported the company was failing.
(d) The price slid slightly.

Short Answer Questions

1. What has the market done about charlatans since Livingston has been trading?

2. What does Livingston say is the most important thing?

3. Why was Consolidated Stove formed?

4. What does everyone finally think about Tropical Trading?

5. What does any trade do to the price of a stock?

Short Essay Questions

1. What does Livingston say about forces that can cause plans to go wrong?

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

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

4. What is one of the primary tools to manipulate a stock?

5. What happens to Livingston after he follows Percy's advice?

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

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

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

9. What does Livingston say about broker letters?

10. What does Livingston say about the press and insider trading?

(see the answer keys)

This section contains 843 words (approx. 3 pages at 300 words per page) View a FREE sample