Sometimes guessing pays off in the stock market. Retiree Robert Richard Tokarchek won US$1 million for correctly guessing the close of the Dow Jones industrial average on the last day of trading of 1999. Tokarchek was the only one to guess the Dow's close to the last decimal place at 11,497.12 in ETrade's eMillion Mania contest. Tokarchek, who opened an online trading account for the first time last year, plans to use his winnings to buy a condominium or mobile home in Palm Springs, California. So what was his secret? "I did it by dumb luck," he said.
Million-Dollar Man
Sometimes guessing pays off in the stock market. Retiree Robert Richard Tokarchek won US$1 million for correctly guessing the close of the Dow Jones industrial average on the last day of trading of 1999. Tokarchek was the only one to guess the Dow's close to the last decimal place at 11,497.12 in ETrade's eMillion Mania contest. Tokarchek, who opened an online trading account for the first time last year, plans to use his winnings to buy a condominium or mobile home in Palm Springs, California. So what was his secret? "I did it by dumb luck," he said.
