Labels

Book Review (3) Entertainment (1) Gurus (1) History (1) Suspicious Stocks (2)
Posts mit dem Label History werden angezeigt. Alle Posts anzeigen
Posts mit dem Label History werden angezeigt. Alle Posts anzeigen

Samstag, 25. September 2010

Stutz Corner 1923

One of the greatest short squeezes in history engineered by the owner of the Stutz company and notorious "Stock Operator" in the early 1920s

A short excerpt can be found here:

http://www.newyorker.com/archive/1969/08/23/1969_08_23_074_TNY_CARDS_000296736


and here

http://www.time.com/time/magazine/article/0,9171,711717,00.html


Excerpt from the Time article:

A notable feature of the early 1920's was the Stutz Bearcat, a fast & flashy automobile that rode, looked, and sounded like a racing car. About the same time that Bearcats were reaching the peak of playboy popularity, Stutz Motor stock provided some excellent advertising by rising in a brief period from $70 per share to $724. That was the notorious "Stutz Corner" engineered by Allan Ryan, son of the late Thomas Fortune Ryan who in his will cut off his speculative heir with a set of pearl studs.