WYCKOFF (Richard D.)
Wall Street Ventures and Adventures Through Forty Years.
The autobiography of the American investor Richard Wyckoff (1873-1934), best-known for innovating the ‘Wyckoff Method’ of technical analysis - with the printed compliments slip of the author pasted to front free endpaper.
Wyckoff’s autobiography stands as a ‘who’s who’ of Wall Street and its great characters - J. P. Morgan, John Raskob, Jesse Livermore - and includes ‘such stories as that of ‘Bet-A-Million’ Gates, the director of the American Steel & Wire Company. When in 1901 he closed the company, the assumption was made that the business had been failing. Gates answered, ‘No, we’re short the stock,’ resulting in a rapid break in price from the 60s to the mid-30s. He not only covered his shorts but took significant profits, before going long again when the mills reopened’ (Dennistoun).
Dennistoun, Bubbles, Booms and Busts, 630.