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How I Made $2 Million in the Stock Market: The Darvas system for stock market profits by Nicolas Darvas

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Chapter seven: The Theory Starts to Work

While most Wall Street stocks drifted or dropped, I continued my dancing tour of the world. In November 1957 I was appearing at the “Arc En Ciel” in Saigon when I noticed in Barron’s a stock unknown to me called LORILLARD.

I did not know then that they were the manufacturers of a particular brand of filter-tip cigarettes and the filter-tip craze was about to sweep America, causing their production to leap up astronomically. Out in Saigon, all I knew was that LORILLARD began to emerge from the swamp of sinking stocks like a beacon. In spite of the bad market, it rose from 17 until, in the first week of October, it established itself in the narrow box 24/27. Its volume for that week was 126,700 shares, ...

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