Page 33 - How to Make Money in Stocks Trilogy

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Dec 1916
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Can usually buy a market
t t
k
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pulls back to its 10-week
leader the first 2 times it
mes it
Dec 1915
w
a
leader the first 2 time
moving average line
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Sep 1915
i
Bethlehem Steel increased 1479% in 99 weeks.
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Jun 1915
a
pu
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Mar 1915
Dec 1914
I
closed during
month base during WW
8-month base during WW
g
World War I I
an h r Price Dow Jones Ind. 700 600 Sell: climax top top o a l S S Market correction i ke 500 400 340 300 260 220 y Buy B 190 160 140 120 100 6-week high tight flag g g a high tight fla t i week h g k w 6 6 80 70 60 America’s Greatest Stock-Picking Secrets 13
World War
Buy
Bethlehem Steel produced about 60% of the t t Allies’ munitions during World War I. America W g steelmakers chose to stabilize profits for pr s c domestic contracts so foreign orders r n accounted for most of the profits. fits f th t t d fo Quarter by quarter plot of Quarter by quarter p
Market
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Sep 1914
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Sep 1913 Dec 1913 Jun 1913
Bethlehem Steel–1914 Weekly Chart Mar 1913 Dec 1912 Sep 1912
Price = 10*eps 242 80 70 60 50 45 40 36 32 30 28 26 24 22 20 18 16 15 14 13 12 11 10 9.00 8.00 7.00 6.00 5.00 4.50 4.00 3.60 3.20 3.00 2.80 2.60 2.40