The $2 Window on Wall Street

Financial consultants Cobleigh and DeAngelis here invite ""$2-window'' racetrack bettors and other underfunded but money-minded people to the ``exciting,'' though high-risk, world of low-priced speculative stocks. Largely ignored by commission-conscious brokers, these securities are potential fortune-builders for the judicious investor, claim the authors. The workings of financial markets (New York Stock Exchange, Amex, Toronto) are explained, with particular attention to the vast ``over-the-counter'' markets through which start-up companieseach, theoretically, a potential Xerox, Polaroid or IBMare financed. The authors tell how to identify promising contenders by gauging industry prospects, management caliber, company shares' price-earnings ratio, etc. Buying in a bull market is advised, with tips on when to get out also provided. Descriptions of specific likely issues, at affordable prices, whet the reader's appetite. (March 26)