Show THERE are two classes of stock buyers the investor and the speculator the former buys on his judgment in properties which he considers to be gilt edged and he is content to wait for dividends or a steady appreciation in values his holdings generally being in paying shares or in stocks which to his way of thing are sure to advance the tor is not so particular as to the intrinsic value or merit of the securities in which he places his money he alms aims to get in on certain lines of stocks when they are down with the intention of taking his profits on small advances the former is safe as a general thing while the latter stands to make a greater percentage on his investment or he may take a loss As a general thing the timid butir buyo r is a poor pool speculator as he is often scared into selling when he should stay in or he is afraid to buy when he should do so on the other hand the dealer who takes a risk now and then often cleans up a barrel of money it is often that panics in the stock market are caused by trivial circumstances A holder may need money and close out this action action is often construed to foreshadow a decline a timid shareholder dumps his holdings on the market and a slump in this particular security occurs the fear although groundless being contagious and to such an extent that the stock becomes weak although no good reason exists for this condition A weak market is the time when the professional makes his investments the speculator comes in when it is strong |