The Nicholas Darvas Stock Market Strategies Story (part 45)
I had concluded after the LORILLARD deal that my stock market strategies were working so well that I did not want to entrust it into the hands of one firm. I felt if anyone were to follow my stock market strategies, this might make it difficult for me. I called New York and opened accounts with two other brokerage firms.
In the third week of May 1958, I cabled New York to buy 500 BRUCE at 50 & three quarters with my automatic on stop buy order. I put in a stop-loss of 48 as per my stock market strategies.
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