Or you could have made 7¾ points by buying Gulton at 39 (10/25) and selling it at 46¾ (11/18). Or, if you wanted to make switches, there were plenty of opportunities. For instance, Electronics Specialty and Victoreen closed at 268 and l4½ respectively on September 21”a difference of almost 12 points. Less than two months later (11/18), they were quoted at 12½ and l2w respectively, with Victoreen even 14 higher. Fifteen months later (3/62), however, Electronics Specialty was quoted at 27 against 9d for Victoreen. Even wider gyration was shown by Cubic Corp.

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