profit taking
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Campbell R. Harvey's Hypertextual Finance Dictionary
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Profit taking
Used in the context of general equities. Action by short-term securities
traders
to cash-in on gains created by a sharp
market
rise, which pushes Down prices temporarily but implies an upward
market
trend
. See:
ring the [cash] register
.
Copyright © 2000,
Campbell R. Harvey
. All Rights Reserved.
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