GATHER IN THE STOPS
\ɡˈaðəɹ ɪnðə stˈɒps], \ɡˈaðəɹ ɪnðə stˈɒps], \ɡ_ˈa_ð_ə_ɹ ɪ_n_ð_ə s_t_ˈɒ_p_s]\
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Concentrated selling to drive a security price down to levels where STOP ORDERS are known to exist. This forces the stop orders to convert into buy or sell MARKET ORDERS, clearing the way for further upward or downward moves once executed. See also SNOWBALLING.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.