Word: selling
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Dates: during 1980-1989
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...just had to wait for it to develop and sell the run," Lockbaum explained, reaching for the proper words to describe his wonderful heave into the endzone. "I tried to keep it tucked away as long as possible...
...knows who gets the better of such deals, but the fact is that the deals are not only economic but social transactions, which have been conducted continually since the first tradesman said to a customer, "I will not give you what I have done for nothing, but I will sell it to you; thus will we persuade each other that both our lives have been enhanced...
Program Trading. On Black Monday, the N.Y.S.E. ordered a halt to certain kinds of computer-aided trades in which brokers send huge waves of buy or sell orders through the markets with a few taps on a keyboard. Those emergency restrictions are still in effect, and there is considerable sentiment for making them permanent. But even as program trading was emerging as everybody's favorite scapegoat, evidence was mounting that the practice had played a smaller role in the market's collapse than suspected. According to figures released last week by the Chicago Mercantile Exchange, program trading accounted for less...
Many stockbrokers are nervous for another reason: the wrath of their clients. "I want to strangle my broker," says Manhattan Insurance Agent Matthew Costa. "I wanted to sell everything on the Friday before the crash, but she told me I had good stocks and should hold on. Now she keeps giving me excuses why she can't meet me for a few days." While Costa's threat was figurative, customer anger seemed all too real last week after an investor who lost nearly his entire multimillion-dollar portfolio walked into a Merrill Lynch outlet in Miami with a .357 magnum...
...billion. Earlier, British, U.S. and Canadian financial institutions had pleaded with British Chancellor of the Exchequer Nigel Lawson to postpone the event. But Lawson chose to forge ahead, adding a concession: for the next month at least, shareholders who want to cut their losses will be able to sell their shares at a deep discount to the Bank of England...