We're not waiting for Black Friday - Win an investment book now!
Black Friday? Why wait! We have already prepared a competition for you in which you can win one of the two copies of the book "Extraordinary illusions and madness of crowds" Charles Mackay. It is an ideal reading for winter evenings for every investor.
Madness on the dance floor
Allegro is the loudest debut on the Warsaw Stock Exchange in recent years (if not in the entire history of the WSE). In just 2 weeks from the first session, the rate increased by over + 50 %. And it's all over time #pandemic, partial #lockdown economy, the drastically increasing number of infections # Covid-19 in Poland and uncertainties related to the presidential election in the USA. Over the next 20 days, the share price lost more than -34%. Such a shaky picture of the market fits perfectly into the issues discussed in Charles Mackay's book.
Competition task
To take part in the competition, all you need to do is complete the following task:
- Like the fanpage Forex Club Traders on Facebook (link).
- Predict Allegro share price at the closing of the session on November 20, 2020.
- The answer must be given at the latest until 23:59 on November 19, 2020., under the contest post on Facebook.
- Two people whose answers are closest to the result win. In the case of identical results, the order of applications decides.
- The results of the competition will be published on Forex Club fanpage until November 23, 2020
Competition prizes
The prizes in the competition are 2 copies books "Extraordinary illusions and madness of crowds" by Charles Makay (available in Maklerska.pl). The shipping cost of the books is covered by the Forex Club.
Be sure to read: "Extraordinary illusions and madness of crowds" [Review]
The book deals primarily with speculative charges that took place in the XNUMXth and XNUMXth centuries in the Netherlands, France and England. However, anyone who reads it admits to having a psychological description "Inflating a balloon" has not changed for many years and regardless of time, market and industry, the pattern is repeated regularly. First, prices rise to an absurd amount, and then painful falls, which ruin not only those who invested at the top.