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

2. Why does Livingston say traders are often vilified in the press and by other traders?
(a) When they corner a market.
(b) When they sell short and the price drops.
(c) When they make too much money.
(d) When they hold onto food crops.

3. Under what condition does David Williamson offer Livingston a stake?
(a) That he remember the firm when dealing.
(b) That he open an account with them.
(c) That he pay 5% interest.
(d) That he pay it back double.

4. What has the market done about charlatans since Livingston has been trading?
(a) Tells the newspapers what stocks are bad.
(b) Nothing.
(c) Has them arrested.
(d) Weeds them out.

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

Short Answer Questions

1. What do the insiders of Tropical Trading do when Livingston goes short?

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

3. What does Livingston say gives a trader the sense of what to do?

4. What does Livingston say a good broker letter should be?

5. What does Livingston say is illegal now?

Short Essay Questions

1. How does Livingston think James R. Keene would do in the market of Livingston's era.

2. Sum up what Livingston says about cornering the market.

3. What does Livingston do about all his debt?

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

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

6. What does Livingston say about selling stocks on a payment plan and stock splits?

7. What does Livingston say about broker letters?

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

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

10. How does Livingston feel about tips and to what does he attribute his success?

(see the answer keys)

This section contains 824 words (approx. 3 pages at 300 words per page) View a FREE sample