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Updated: June 21, 2025
The last number under Bok's full editorial control was the issue of October, 1919. This number was oversold with a printed edition of two million copies a record never before achieved by any magazine. This same issue presented another record unattained in any single number of any periodical in the world. It carried between its covers the amazing total of over one million dollars in advertisements.
Boswellister overheard: "Dodie didn't draw one customer. A buck ain't to be made these days." The barker replied, shaking his head, "They're oversold, Marve. The give-away is all they want." Boswellister turned away and walked towards his motel. They wanted the give-away, but the glory of Ippling he had to give made no impression. He felt desperate. He had to make one more try.
The operation had worked like a charm to the point where it was deemed prudent to begin to re-purchase, when there occurred one of those mysterious changes in the market which none could have foreseen. It was believed that the market had been oversold, and the holders held. The combination was short, and up went the stock by the run.
Their reaction constitutes a trend and identifying this trend at its inception can generate excess yields. On this both fundamental and technical analysis are agreed. Moreover, markets often over-react: they undershoot or overshoot the "true and fair value". Fundamental analysis calls this oversold and overbought markets. The correction back to equilibrium prices sometimes takes years.
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