V. 11:13 (546-546): Quick-Scans: CASH IN ON SAVINGS & LOANS
Product Description
CASH IN ON SAVINGS & LOANS
Volume I, Investment Guide
Volume II, Mutual Thrifts
Author: Alex St. Claire
Jann Street Publishing
PO Box 423
Port Washington, PA 19034
Published 1993, $129, 220 pages
When a mutual thrift goes public, existing depositors get first crack at the stock, Right? It is then and only then that the stock makes the rounds, ending up at brokerages to be offered to the general public, with the price of the stock usually higher than the price that the depositors at the mutual thrift paid. On the first day that the stock is finally traded (at long last), the price tends to go up (in fact, the average first-day gain is more than 30%), after which it settles into trading patterns that readers of STOCKS & COMMODITIES can read and take advantage of. Those who were depositors at the thrift during the offering period can buy large amounts of stock, sell it in the first few days of trading and profit. End of story.
Volume I, Investment Guide
Volume II, Mutual Thrifts
Author: Alex St. Claire
Jann Street Publishing
PO Box 423
Port Washington, PA 19034
Published 1993, $129, 220 pages
When a mutual thrift goes public, existing depositors get first crack at the stock, Right? It is then and only then that the stock makes the rounds, ending up at brokerages to be offered to the general public, with the price of the stock usually higher than the price that the depositors at the mutual thrift paid. On the first day that the stock is finally traded (at long last), the price tends to go up (in fact, the average first-day gain is more than 30%), after which it settles into trading patterns that readers of STOCKS & COMMODITIES can read and take advantage of. Those who were depositors at the thrift during the offering period can buy large amounts of stock, sell it in the first few days of trading and profit. End of story.
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