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Junk stock

Rated: 
G

A stockbroker was cold calling about a junk stock and found a taker. "I think this one will really move," said the broker, "it's only $1 a share."

"Buy me 1000 shares." said the client.

The next day the stock was at $2. The client called the broker and said, "You were right, give me 5,000 more shares."

The next day the client looked in the paper and the stock was at $4. The client ran to the phone and called the broker, "Get me 10,000 more shares!"

The next day the client looked in the paper and the stock was at $9. Seeing what a great profit he had in just a few days, the client ran to the phone and told the broker, "Sell all my shares!"

The broker said, "To who? You were the only one buying that stock."