Thread regarding Weatherford International Ltd. layoffs

WFT stock

A stockbroker, cold calling about weatherford stock, found a taker. "This one is really going to move," the broker said. "It's only a $1 a share." "Buy me 1000 shares," said the client.

The following day, the stock was at $2. Seeing this, the client called the broker and told him to buy him 5000 more shares.

The next day the client checked in the newspaper and the stock was now at $4. Running to the phone, he called the broker and told him to get him 10,000 more shares.

Checking the paper the following day the client now saw that the stock was at $9. Thinking what a great profit he had made in just a few days, the client raced to the phone and called the broker. "Sell all my shares," he instructed.

"To whom?" the broker replied. "You were the only one buying that stock!"

Employees buying WFT stock- LOL

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If he’s the only one buying then how did they price go up? Stupid story.

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