The topic explains different types of speculators in the securities market.

1. CAPITAL MARKET AND
INVESTMENT MANAGEMENT
TYPES OF SPECULATORS

2. A speculator is one who deals in
securities and takes calculated risks
based on anticipated future price
movements. Speculation within a
reasonable level and not involving
any unfair trade practices is good to
the market.
TYPES OF SPECULATORS

4. A Bull is an optimistic speculator.
He buys shares with an expectation of
selling them at a higher price in the
future.
A bull attacks by trying to throw the
enemy up into the air by using its
horns.
Optimism, Investor confidence and
expectation of strong results.
1.BULLS

5. BULL AND BEAR

6. A bear is a speculator who sells shares in
anticipation of fall in prices.
If the prices fall as expected, he buys the
securities at lower prices and makes profits.
A bear which tries to press down its enemy
to the ground while attacking.
Low investor confidence and widespread
pessimism.
Number of sellers will be more compared
to buyers.
2.BEARS

7. STAG & LAME DUCK

8. Applicants who do not get allotment will be
ready to pay a higher price than the issue
price.
Bull speculators apply for large quantity of
shares during new issues they are stags.
Stags, when getting allotment off load their
shares at profit.
Speed in action resembling a stag.
3.STAGS

9. A bear speculator who unable to fulfil his
commitment to the counter party is a
Lameduck.
A bear sells securities without possessing
faces heavy loss when market prices go up.
On settlement date securities are not
available from the market for settling the
trade.
4.LAME DUCK