by Brad Koteshwar
|
| List Price: | $39.99 |
| Amazon Price: | $26.39 & eligible for FREE Super Saver Shipping on orders over $25. |
| You Save: | $13.60 (34%) |
| Average Rating: |  |
| Lowest New Price: | $10.85 |
| Availablitiy: | Usually ships in 24 hours |
|
 |
|
Product Description
This book perfectly illustrates why most people lose in the stock market, even when tremendous opportunities are presented to them. A spectacular move of over 7000% in 52 weeks was offered to the public and still the vast majority of the public either lost money or did not make any significant gains on the stock. Only a handful of the insiders made money on the move. Written as a fiction surrounding such a stock, the book offers simple lessons to the lay person about how to improve one's odds for success in the stock market, and it does so with an entertaining and enlightening storyline. The story offers an insight into the rewarding way Wall Street works for the insiders and how it shows a different face to the outsiders.
Customers who bought this item also bought
Average Customer Review:
0 of 0 people found the following review helpful:
 great book!, 2008-11-10
entertaining, easy to read and VERY informative... can't recommend this book enough. thank you for writing it, brad.
1 of 1 people found the following review helpful:
Specialized, but very good, 2008-07-24
This is a fictionalized account of the rise and fall of the stock of a real company. In one year, the stock of Taser International, the makers of Tasers, rose by over 7000 percent. Despite this, few average investors made any money on the stock.
The narrator, an experienced investor, is asked, by another experienced investor, to talk to the people behind the stock, to get the "inside story." He talks to the CEO, a major stock speculator, and to the brokerage firm handling the Initial Public Offering, or IPO. He finds that Wall Street shows a very different side to insiders than it does to average investors.
By the time Taser was available to the general public, the big investors had already made their money. Still, it became a "must have" stock. The price jumped from $50 to nearly $400 per share, and analysts speculated that the price could reach $1000 per share, so people were ready to hold it for a long time. Hindsight is always crystal clear, so what investors should have done, but few investors did, was to buy at, for instance, $100 per share. When the price reached a specific level, say, $130 per share, sell and don't look back. Even a small profit on Wall Street is better than nothing. The worst off were the late buyers, those people who bought Taser near or at its high, when the stock had only one direction in which to go.
Some investors engage in short selling, which is betting that a stock's price will drop. For those people, while on its way down, Taser had an unfortunate tendency to bounce. It would go down for a while, then suddenly rise by 10 or 20 points. The price would go down some more, then suddenly rise by another 10 or 20 points, driving those short sellers nuts. Unless an investor is patient, and really understands the market, which few investors do, even with such an opportunity as Taser International, few investors made any money.
Obviously, this is a really specialized book. For those who are, or want to be, involved in the stock market, this book is well worth reading.
1 of 1 people found the following review helpful:
THE Book, 2008-07-03
What a treat this one is. I am still amazed of how much wisdom, market knowledge and technique has been crammed into this little book - and in what way.
It has all the information about the inner workings of Wall Street you may look for. It has all the information you may ever need to become a great speculator. Whether you are truly willing and ready to implement the lessons is a whole different matter.
One of the great things aboout it is that the lessons are taught by introducing "real life" characters which makes it so much easier to learn and remember.
Darvas had two books he was re-reading on regular basis just to stay disciplined. I do the same with three books and this is one of them. I am deeply grateful to Brad for writing this one.
If you are into growth stocks, trust me - this is the one you were looking for.
Thanks again Brad and good trading to all.
1 of 1 people found the following review helpful:
Missing piece to the stock trading puzzle, 2007-10-24
If you are a student of the market you must add this book to your stock trading library. The author documents the entire run of TASR in 2004. From the timing of the IPO release, how the sponsoring brokerage house set up buyers to support the price, and all the players involved from modern day money pools to professional traders. He gives excellent lessons on how the great traders played it for huge wins, and how amateurs lost a lot of money buying in at the wrong time. He shows how people who initially made money got back in and gave back all their profits then lost money. He shows how great traders sold into the huge volume spike near the peak then reversed their position and went short to double their profits. Students of Nicholas Darvas, William O'Neal, and Jesse Livermore will really enjoy this book, it feels in the behind the scenes action that really moves the markets. While the writing style may not be the best and the book may have some uncorrected typos, the content is outstanding. 5 strong stars. One of the top ten books I have ever read on stock trading.
3 of 3 people found the following review helpful:
The Perfect Book?, 2006-12-08
OK, not quite perfect, yet this book pieced together a lot of concepts I had previously been missing. It's a fictionalization of how insiders/ outsider did/may have acted during the TASR phenomenon.
This book is a perfect complement to some of the other classics such as O'niel's and Darvis's. It will fill in some of the missing bigger picture of how insiders and outsiders may be acting and reacting to these phenomenon's.
This is not a 'get rich quick book' nor 'yet another how to invest book'. This is an indepth look at one perfect stock and provides many complements to other literature out there. If you get some program and look at the chart and the buy points, the amount you could learn from him is specatacular. Also, I really liked the section on the outsiders, as it shows many of the mistakes people make. He also has another book called 'The Perfect Speculator' which tells a little more about how to look for stocks like TASR.
Price is accurate as of the date/time indicated. Prices and product availability are subject to change. Any price displayed on the Amazon website at the time of purchase will govern the sale of this product.
|
Store Categories
|