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Show The National Enterprise , September 22, 1976 Page eleven Trading Team Eyes Success Continued from page four organization. He also noted: We (the Kravitzes) have the in Denvers Cherry Creek section. Posh though the area trading contacts to do the is, Michael indicated, It was job." a little too sophisticated and Room for Big Profits we sure didnt make any Then Michael provided money. But we wanted to try And this reason for something different. different clearly meant going the team's confidence: "The back into the brokerage busimarket alness, this time as a team. ways has offered the best opportunities for big profits, both for the brokerage houses and for shrewd or lucky invesConfident of Success tors. Acknowledging that the Michael, tallish, baldish, bearded and plump, and OTC market has been quiet Karin, fairly tall and pleas- for a long time, he said The antly attractive, say they public always comes back. talked over the team idea for Well see them buying about five years, both before again. And Karin observed, That's whats so fascinating and since their marriage. about Denver. You get big lots of activity They recognize that team spurts action is psychologically more then quiet, then more activdemanding than working on ity.The Kravitzes confidence your own, but Michael is is built on a sound base: convinced' that Karins experience in just about every Michael was for 10 years with Boettcher & Co., threeyearsin aspect of the brokerage busiand his somewhat Chicago and seven in New ness, more specialized background York. Previously he was for seven years with the major should make us a successOTC brokerage house, ful team. Quietly he asserted that were confident Troster, Singer & Co. He well be the biggest trading started in 1968 as a trader and team in the Rocky Mountain wire operator making about $60 a week. His right hand West. ascending, Michael said, That confidence he linked Ever since then my income to these factors: Denver is a has gone up up up. financial center Karin was for five years of the Rocky Mountain West with Bosworth, Sullivan in and the determination of Pitt- Denver, handling both listed man & Co. to provide the and OTC stocks. Earlier she drive, personnel and capital was with M. S. Wein and and Sherwood Securities in needed to rebuild the Denver. dramatically expand quasi-econom- ic over-the-count- er fast-growi- ng Crusade Against Divestiture For probably the first time in its history. Big Oil won't rely solely on its Washington lobbying power to duke this one out. No sireee. Lest they face the Congressional scapel of divestiture, oil executives themselves have taken lecterns nationwide to enlighten John Q. of its severe ramifications. Robert E. Thomas, chairman of Mapco Oil, is among them. Like a one man road show, Thomas travels from town to town telling people, Get mad! Give a damn! Arc you going to sit quietly back and watch some uninformed Congressmen and Senators rip apart the economy of this country? In Salt Lake recently, Thomas told a group of local businessmen, For almost three years now our Congress has been carrying on a political vendetta directed at punishing our oil companies. But by dealing with the energy issue in terms of local the old appeasement politics above all routine Congress is playing a very casual, shortsighted game with your supply of essential energy. Thomas told the Enterprise the mere existence of the Federal Energy Administration contributes to the energy crisis. And those who believe the energy crisis has ended or was a contrived effort of the oil makc-the-voter-hap- Robert E. Thomas , Chairman , Mapco Oil . py industry to obtain higher prices suffer from overworked and extremely vivid imaginations, he said. Thomas points to an ever increasing dependency on foreign oil, now over 40 percent, saying This is no time to induce incredible chaos by splintering the industry. Knowledgeable Arabs, many educated in our own colleges must be as we, by our own actions, demonstrate that we arc trying hard to drop the In from Project Independence. Said Thomas, the last oil embargo will seem like a picnic if we should be unfortunate enough to have another. Three or four years ago, Thomas admitted, he'd never dreamed he'd be on a preaching circuit. But just as energetic and devout as any evangelist, he crusades against what he is convinced will bring 10 to 20 years of unmitigated chaos and disaster" should divestiture become law. "Collectively, we Americans are on a laughing-uproariously- , collision course with economic disaster. Unless some drastic changes occur, Thomas warns, the U.S. will experience lower business activity, lower standards of living, lower employment and other most unpleas- ant consequences. |