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[QUOTE]Originally posted by Purl Gurl: [QB] I write, "Cannot remember the exact year, sometime in the early ninties, maybe ninety-three or ninety-four, a well known company, Raytheon, is opening a new production plant down in Temecula, close to our hometown. Raytheon is doing pretty good and keep in mind this is back when newspapers where about the only source of financial information." I keep forgetting to add this trivia which might be of entertainment value to old timers. Back then and a decade before, I would cut out the financial pages of our newspaper, then bind into one of those large "art portfolio" carriers, about newspaper page size. Eventually I had dozens of these I kept under our bed, each with hundreds of pages. Each page, I would use a red line pencil to check mark those stocks of interest. Each page then kept a daily record of share prices and other information. Sometimes I would clip out newspaper articles about companies, then attach those to the same date page in my financial records. Going back through, pulling data for selected stocks, I would use old fashion graph paper like you used in high school geometry, then draw my own rudimentary "stock charts" so I could "visually" see performance. That is actually how I kept track of stocks and their performance! Nothing but pages from newspapers, articles and hand drawn charts! I made a point to work at night, two reasons really. We had a baby girl to tend and the other reason, rather humorous. During the day, I would go down to our brokers office, sit in their waiting area and watch the big board ticker symbols roll by; last minute confirmation of what I wanted to do. Told before, periodically I would jump up, go over to our assigned broker, then tell him what to do. Early on he would argue but I put an end to that, very quickly. Trading back then required lots of broker forms, signatures, phone calls, lots of requirements. To effect a trade could take a half day, even overnight. Commission fees were outrageous. I lost more money to commission fees than I did to stocks which went sour. Back then, financial crime was unheard of. I am sure some took place but scams simply did not exist. You could trade in safety and if you took a loss, this was entirely your fault! During the era, a short term trade, a "flipper" would take place over a month or two months. You younger readers would love those days. Knowledge, talent and experience were an absolute must. Those were the glory days of _real_ stock traders. Purl Gurl [/QB][/QUOTE]
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