Pit Bull

Pit
Bull
L e s s o n s from Wall S t r e e t ' s Champion Trader
Martin "Buzzy" Schwartz
w i t h Dave Morine and Paul Flint
A HarperBusiness Book
from HarperPerennial

A hardcover edition of this book was published in 1998 by HarperBusiness, a division of HarperCollins Publishers.

PIT BULL. Copyright © 1998 by Martin Schwartz. All rights reserved. Printed in the United States of America. No part of this book may be used or reproduced in any manner whatsoever without written permission except in the case of brief quotations embodied in critical articles and reviews. For information address HarperCollins Publishers, Inc., 10 East 53rd Street, New York, NY 10022. HarperCollins books may be purchased for educational, business, or sales promotional use. For information please write: Special Markets Department, HarperCollins Publishers, Inc., 10 East 53rd Street, New York, NY 10022. First HarperPerennial edition published 1999. Designed by Nancy Singer Olaguera The Library of Congress has catalogued the hardcover edition as follows: Schwartz, Martin S. . Pit bull : lessons from Wall Street's champion trader / Martin "Buzzy" Schwartz with Dave Morine and Paul Flint. p. cm. Includes index. ISBN 0-88730-876-7 1. Floor traders (Finance) 2. Wall Street. I. Morine, Dave. II. Flint, Paul. III. Title. HG4621.S295 1998 332.64'27321 97-49931 ISBN 0-88730-956-9 (pbk.) 05 06 07 08 • / RRD 10 9 8

To all of my family, especially my wife, Audrey, who embodies the essence of life

Contents

Acknowledgments 1 Trade or Fade Mashed Potatoes 2 The Plan The Grubstake 3 Paradise Island Viva Las Vegas 4 The Great Pyramid Inside Skinny 5 Auric Schwartz Going for the Gold I 6 Made to Trade Switch Hitting 7 Never Short a Republican The Losing Streak 8 Champion Trader Honor Thy Stop 9 Little Brown Bags To Thine Own Self Be True 10 Lots 204 and 207 Big Shots Make Big Targets

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