Catchword: gunning for the stops

Filed Under: English, Money & Finance, Jargon

Part of Speech: n.

Quotation: SmartStocks.net monitors nearly 5,000 listed stocks and ETFs that trade at more than $5 per share and average at least 40,000 shares in daily trading volume. After the close, it sends subscribers an email, giving both short-term (if the selling time horizon less than six months) and longer-term stop points for the securities registered in their portfolio, so they can place their orders. Then subscribers get an email alert when the stop-points are reached, so if they haven’t already placed an open stop-loss order they can call their brokers to sell.…Could all those stop-loss orders become a trigger point for aggressive traders who want to cause further market declines? It’s a practice known as “gunning for the stops.“

Article or Document Title:
“When Buy-and-Hold Investors Should Sell” (URL)

Author:
Terry Savage

Article, Document, Publication, Web Site:
MainStreet

Date of Publication:
Aug. 18, 2008

This catchword has yet to be researched.