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Stocks & Commodities V. 24:12 (25): Q&A by Don Bright
Stocks & Commodities V. 24:12 (25): Q&A by Don Bright
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Stocks & Commodities V. 24:12 (25): Q&A by Don Bright
SINCE YOU ASKED
Confused about some aspect of trading? Professional trader Don Bright of Bright Trading (www.stocktrading.com), an equity trading corporation, answers a few of your questions. To submit a question, post your question to our website at http:// Message-Boards.Traders.com. Answers will be posted there, and selected questions will appear in a future issue of S&C.
AND NOW, SOME DEFINITIONS
Q: What are flippers? What do they do? Are they legal? And why are there so many people complaining about them? Thanks.
Richard Wong
A: First off, a definition: For our purposes, a flipper is a short-term investor or daytrader who buys preIPO (initial public offering) shares, swiftly spinning them out into public markets for a quick profit. According to an online reference guide, flippers may hold a stock for only 24 to 48 hours. The other flipper term you may run across applies to those who buy and fix up houses to flip at a profit.
As far as people complaining about either kind of flipper is concerned, the other side of the equation is that these flippers provide much-needed liquidity in these new issues, and in the housing market as well.
SINCE YOU ASKED
Confused about some aspect of trading? Professional trader Don Bright of Bright Trading (www.stocktrading.com), an equity trading corporation, answers a few of your questions. To submit a question, post your question to our website at http:// Message-Boards.Traders.com. Answers will be posted there, and selected questions will appear in a future issue of S&C.
AND NOW, SOME DEFINITIONS
Q: What are flippers? What do they do? Are they legal? And why are there so many people complaining about them? Thanks.
Richard Wong
A: First off, a definition: For our purposes, a flipper is a short-term investor or daytrader who buys preIPO (initial public offering) shares, swiftly spinning them out into public markets for a quick profit. According to an online reference guide, flippers may hold a stock for only 24 to 48 hours. The other flipper term you may run across applies to those who buy and fix up houses to flip at a profit.
As far as people complaining about either kind of flipper is concerned, the other side of the equation is that these flippers provide much-needed liquidity in these new issues, and in the housing market as well.
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