Product Description

AS FEATURED ON THE NATIONALLY SYNDICATED "MARKETPLACE" RADIO PROGRAM IN DECEMBER 2007: According to the author, "For years, when my stockbroker called me, I joked that I was 'talking with my bookie.' Is buying stock investing? Or is it a speculation -- a bet? After 40 years of 'investing' in stocks, I decided to try 'gambling.' I used a short term trading scheme I called 'turning on a dime.' Warning: my bet puts hundreds of thousands of dollars at risk -- with no guarantee of success. Read this book for entertainment, but NOT as an investment guide!"

Product Details

• Amazon Sales Rank: #1950215 in Books
• Published on: 2008-01-11
• Original language: English
• Number of items: 1
• Binding: Paperback
• 88 pages

About the Author
Stanley Mazor was a co-designer of the first commercial microcomputer silicon chip. He has published more than 50 papers on integrated circuit chip design and computer architecture over the years. He has been awarded the Kyoto Prize, the Ron Brown American Innovator Award, and the SIA Robert Noyce Award. He has also been inducted into the Inventor’s Hall of Fame. What does a scientist-engineer know about gambling? Read his book to find out!

Customer Reviews

author's over view
"Stock Market Gambling" describes trading a stock for a
3% gain, in other words on a $3, stock trading to gain
ten cents a share, a dime gain--"turning on a dime". Many
examples are given of trading for a $500 gain on a $15,000
stock investment (3%). However, the "catch" is that you need
to buy more stock again if the price falls by 3%.
The book shows stock trading with up to 10 losing bets,
requiring typically about $150,000 of risk capital
to gamble in the market. This isn't about investing,
but gambling on small wiggles (3%). However these add
up-- as sometimes several trades are done in the same
week. How do you choose the stock to trade and when
should you consider buying it? Read about these topics
in this book. It's fairly simple to read at first and
then get's a little more technical at the end, with
an analysis of gambling in general--using a coin toss
model as the prime example. In one sense the book simply
preaches: "buy lower" and "sell higher". The key is
not to look for the high or the low but just trade
on the wiggles regardless of (and ignoring) the longer
term trend. What's different-- this is the opposite of
trying to spot the trend (technical analysis) or looking
for a teriffic value (fundamenal analysis), and the
view is to look for stocks that are wiggling and
to trade on those wiggles. There are 6-8 examples of
these trades. Several graphs and tables are for your review.
However you might get bored with this kind of money making scheme
and you also might "loose your shirt". I'm a computer
engineer, not an investment advisor, read this book
for entertainment.

good luck,
stan mazor (author)