Chapter 8 My first half Million. The overwhelming success of my handling of my Bruce should have made me more eager and less cautious. Yet, somehow it made me more cautious | HOW I MADE 2 000 000 IN THE STOCK MARKET I was offered a big tempting profit. As I listened to my broker I felt strongly urged to sell the stock. After all selling at 100 meant I would make a fortune. I thought hard while I listened. Then I made one of the most momentous decisions of my life. I said No I will not sell at 100. I have no reason to sell an advancing stock. I will hold onto it. I did. It was a big decision and a difficult one but it proved exactly right. Several times within the next few weeks I received urgent telephone calls reporting higher and higher offers for my shares from brokers in various parts of the United States. I gradually sold out the stock on the over-the-counter market in blocks of 100 and 200 shares for an average price of 171. This was my first really big killing in the market. I made 295 profit on this operation. This was a tremendous event for me. I was so happy I did not know which way to turn. I told my story to everyone who cared to listen. I showed my telegrams to them. The only reaction was Who gave you the tip I tried to explain that no one had given me a tip that I had done it all by myself and that I was so happy and excited exactly for that reason. Nobody believed me. I am sure that every one of my friends in Calcutta still believes today that Mr. Gilbert himself had taken me into his confidence. 98 CHAPTER EIGHT My First Half-Million Lhe overwhelming success of my handling of e. l. bruce should have made me more eager and less cautious. Yet somehow it made me more cautious. I had made over 325 000 in nine months investment and I was determined not to lose it by a wrong move. So many operators have made big money in nine months and lost it in nine weeks. I decided this would not happen to me. The first step I took was to withdraw half of my profits from the market. With my remaining capital I eyed the market warily watching for possible new well-behaved stocks. As so often after a coup I had very little success for
