Forex currency trading – I was completely confused.
$100 a share! What was this? I was trembling while he told me the story over the telephone from New York to Calcutta. Certain traders on Wall Street, basing their views on a purely fundamental approach, had decided that bruce's book value and earnings indicated that the stock's price should not be more than $30 a share. Therefore, they had started to sell the stock short between 45 and 50, confident they would be able to fulfill their bargains by buying it back at a price much nearer 30. They made a grave mistake, because there was one factor they did not know about.
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