PENNY JUMPING
\pˈɛni d͡ʒˈʌmpɪŋ], \pˈɛni dʒˈʌmpɪŋ], \p_ˈɛ_n_i dʒ_ˈʌ_m_p_ɪ_ŋ]\
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When a manager only fills offers on one side keeping the rest until they see how the market is going to behave. If things go well all are let out but if not only the ordered shares are sold. The only risk is a penny a share. This is illegal.
By Henry Campbell Black
Word of the day
dust storm
- a windstorm that lifts up clouds of dust or sand a windstorm that lifts up clouds dust or sand; "it was the kind of duster not experienced in years"