Word: cornerer
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First it was Wall Street that was in trouble. Then Main Street. Now, the nightmare is approaching Elm Street. Even in my relatively placid little corner of the world - a leafy, middle-class, middle-American neighborhood with two- and three-bedroom brick and stone homes built in the 1920s and '30s - it is hard not to feel jittery as 2009 begins...
Even in the most vanilla of trades, liquidation can impact the market price. With lightly traded securities, this can be magnified. For example, a fund might corner some asset by buying and buying and buying and then reporting a huge unrealized gain. But the moment the fund tries to sell and realize the gain (perhaps to pay off its last few investors), demand disappears, and the asset crashes. Again, investors withdrawing early got better returns over that time period than those who waited until later. (See the top 10 financial collapses...
...back by Bryant that McNally immediately answered with a long jumper with 4:20 left. The Crimson capped its strong run with some more playmaking from Lin. With the shot clock running down, he drove and kicked to Pusar, who buried a three from the corner, making it 64-53 with 2:17 left. Santa Clara kept at it, but solid free-throw shooting by the home team kept it at least a two-possession contest to the end.In the first half, Harvard came out smoking and led by double figures for most of the half before the Broncos rallied...
...Quinnipiac net in a rhythmic fashion that wore down the Bobcats defense and forced Qunnipiac goaltender Tia Wishart to frequently swipe at dangerously close pucks. Eventually the barrage of shots paid off. At 12:41 in the first, Ryabkina swooped in behind the Quinnipiac goal from the left corner and fed the puck to captain Kirsten Kester. Kester then knocked it through Wishart’s legs to earn the first goal of the game and the first of Kester’s season. “She’s our emotional sparkplug,” Stone said...
...field goal, a put-back by Bryant that McNally immediately answered with a long jumper with 4:20 left. The Crimson capped its strong run with some more playmaking from Lin. With the shot clock running down, he drove and kicked to Pusar, who buried a three from the corner, making it 64-53 with 2:17 left. Santa Clara kept at it, but solid free throw shooting by the home team kept it at least a two-possession contest to the end. In the first half, Harvard came out smoking and led by double figures for most...