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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter XVIII.

Multiple Choice Questions

1. What do the insiders of Tropical Trading do when Livingston goes short?
(a) Ask him to hold on to the stock.
(b) Run the stock back up.
(c) Put bad articles about him in the newspaper.
(d) Make the price drop way down.

2. What does everyone finally think about Tropical Trading?
(a) The stock is solid.
(b) The insiders are dishonest.
(c) The parent company is in trouble.
(d) The stock can't be manipulated.

3. What happens to Livingston when he takes Percy's advice?
(a) He doubles his money.
(b) He loses almost everything he has.
(c) He didn't take Percy's advice.
(d) He breaks even.

4. What does Livingston decide from the Union Pacific situation?
(a) To go back to school to learn more.
(b) To only trust himself.
(c) To practice understanding insider actions.
(d) To listen more carefully to his manager.

5. What does Union Pacific announce that dismays Livingston?
(a) A dividend.
(b) Bankruptcy filings.
(c) A company reorganization.
(d) Plans for new railroads.

Short Answer Questions

1. When Livingston is looking at the price of Tropical Trading what is the market doing?

2. What does Livingston notice about the price of Tropical Trading stock?

3. Why does Livingston meet with Percy Thomas?

4. What happens shortly after he starts selling Union Pacific stock by the thousands?

5. What does Percy believe about the cotton market?

(see the answer key)

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