If the input symbols to a communication channel represent the outcomes of a chance event on which bets are available at odds consistent with their probabilities (i.e., “fair” odds), a gambler can use the knowledge given him by the received symbols to cause his money to grow exponentially.
The maximum exponential rate of growth of the gambler’s capital is equal to the rate of transmission of information over the channel. This result is generalized to include the case of arbitrary odds.
Thus we find a situation in which the transmission rate has significance even though no coding is contemplated. Previously this quantity was given significance only by a theorem of Shannon’s which asserted that, with suitable encoding, binary digits could be transmitted over the channel at this rate with an arbitrarily small probability of error
The mechanics of short selling are relatively simple, yet virtually no one, including most professionals, knows how to sell short correctly. In How to Make Money Selling Stocks Short, William J. O’Neil offers you the information needed to pursue an effective short selling strategy, and shows youith detailed, annotated chartsow to make the moves that will ultimately take you in the right direction.
From learning how to set price limits to timing your short sales, the simple and timeless advice found within these pages will keep you focused on the task at hand and let you trade with the utmost confidenc