Another extract from Jesse Livermore Another interesting observation by Jesse Livermore
_______________________________________________ The first thing I saw on the quotation board was that Anaconda was on the point of crossing 300. It had been going. up by leaps and bounds and there was apparently an aggressive bull party in it. It was an old trading theory of mine that when a stock crosses 100 or 200 or 300 for the first time the price does not stop at the even figure but goes a good deal higher, so that if you buy it as soon as it crosses the line it is almost certain to show you a profit. Timid people don't like to buy a stock at a new high record. But I had the history of such movements to guide me.
