My Stock Market Returns Eventually Met My Expectations
The Nicholas Darvas Stock Market Returns Success Story (part 60)
Using the technique I had employed, giving me excellent stock market returns with UNIVERSAL CONTROLS and THIOKOL, I made a pilot buy into all four of them on May 13, 1959:
500 shares ZENITH RADIO at 104 ($52,247)
500 shares BECKMAN INSTRUMENTS at 66 ($3 3,228)
500 shares FAIRCHILD CAMERA at 128 ($64,259)
500 shares LITTON INDUSTRIES at 112 ($ 56,251)
On each of these stocks I put a stop-loss order of 10 per cent below buying price to ensure acceptable stock market returns.
I was fully aware that these stop-losses were vague and too mechanical. It was a deliberate, if clumsy, method.
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