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Turnaround |
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Turnaround Securities bought and sold for settlement on the same day. Also describes a firm that has been performing poorly, but changes its financial course and improves its performance. Turnaround 1. A change in a security's price trend, especially from a downtrend to an uptrend. See also: Reversal. 2. A change in a company's situation from one of losses or low profitability to one with higher profits. 3. To buy a security, then to sell in the same trading day. See also: Day trader.
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