Before news reaches a media outlet or a google web crawler, it comes in the form of real life, which is often communicated to a smaller group than the world-at-large by something as ordinary and mundane as a phone call, a text, or an email. I would not have posted the thread if it were a "rumor."
O'Neil said that the best book on investing he had ever read was The Battle for Investment Survival by Gerald Loeb. In Loeb's book, there is an essay that advises one against diversification (which O'Neil himself would reiterate in his own works) and instead advised "putting all your eggs in one basket, and watch the basket." Nicolas Darvas, author of How I Made $2,000,000 in the Stock Market was also an early influence on WON, and he claimed that he read and re-read Loeb's book weekly. You really don't need any other books to make a go of it in the stock market, in my opinion. I'd add Lefevre's Reminiscences of a Stock Operator, Darvas's How I Made $2,000,000 in the Stock Market, and Loeb's The Battle for Investment Survival to the list. Those four are really all one needs. William O'Neil's How to Make Money in Stocks is really almost a textbook of Darvas's "techno-fundamentalist" theory and the lessons of the other two.
One of the lessons I took from Money in stocks and keep to this day was to divide your trading capital up percentage wise from 'Blue chip' down to 'Speculative'. Earnings should be distributed in this same ratio.
I think his biggest holding would be SMCI. The weekly chart is classic. I can't post one just now but I'll try later unless someone else beats me to it.
%% AMAZING how much more helpful IBD Newspaper+ 200dma , was than WSJ; but after many years WSJ finally put a 200 day moving average on their charts . Excellent insights on funds + mutual funds, in his books + newspaper. He improved , unlike some, with red , white + blue charts. I seldom do single stocks but read + enjoyed some older IBD newspapers yesterday