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1. A trader who buys stock and quickly sells it for a profit. A flipper may be a day trader, buying and selling on a constant basis, or a (slightly) more long-term trader, holding for a day or two. Flipping is a high risk venture because a slight decline in share prices in the short term can severely hurt the flippers positions. On the other hand, a slight uptick can result in enormous profit.

2. An investor who buys real estate, usually a house, makes a few improvements, and sells it at a higher price. Colloquially, flippers are thought to buy the house, "slap a coat of paint on it," and re-sell for a large profit. Flippers were common even among casual investors during the housing bubble of the early and mid-2000s.


A trader who attempts to make a small profit by very quick in-and-out buying and selling. For example, a flipper might try to take advantage of a hot market for new issues by purchasing a new issue at the offering and then selling it on the first day of trading.
References in classic literature ?
The first time that Kotick went down to the sea a wave carried him out beyond his depth, and his big head sank and his little hind flippers flew up exactly as his mother had told him in the song, and if the next wave had not thrown him back again he would have drowned.
They set out together across the Pacific, and Matkah showed Kotick how to sleep on his back with his flippers tucked down by his side and his little nose just out of the water.
Matkah taught him to follow the cod and the halibut along the under-sea banks and wrench the rockling out of his hole among the weeds; how to skirt the wrecks lying a hundred fathoms below water and dart like a rifle bullet in at one porthole and out at another as the fishes ran; how to dance on the top of the waves when the lightning was racing all over the sky, and wave his flipper politely to the stumpy-tailed Albatross and the Man-of-war Hawk as they went down the wind; how to jump three or four feet clear of the water like a dolphin, flippers close to the side and tail curved; to leave the flying fish alone because they are all bony; to take the shoulder-piece out of a cod at full speed ten fathoms deep, and never to stop and look at a boat or a ship, but particularly a row-boat.
Ten minutes later little Kotick did not recognize his friends any more, for their skins were ripped off from the nose to the hind flippers, whipped off and thrown down on the ground in a pile.
It's horrible," said Kotick, backing water as a wave went over him, and steadying himself with a screw stroke of his flippers that brought him all standing within three inches of a jagged edge of rock.
He landed close to old Sea Vitch--the big, ugly, bloated, pimpled, fat-necked, long-tusked walrus of the North Pacific, who has no manners except when he is asleep--as he was then, with his hind flippers half in and half out of the surf.
I saw I could do nothing with her unless I exerted force, and so I turned with my back toward her that I might be in a position to shield her from the strange reptile should it really succeed in reaching the deck; and as I did so I saw the thing raise one flipper over the rail, dart its head forward and with the quickness of lightning seize upon one of the boches.
Wid that I giv'd her a big wink jist to say, "lit Sir Pathrick alone for the likes o' them thricks," and thin I wint aisy to work, and you'd have died wid the divarsion to behould how cliverly I slipped my right arm betwane the back o' the sofy, and the back of her leddyship, and there, sure enough, I found a swate little flipper all a waiting to say, "the tip o' the mornin' to ye, Sir Pathrick O'Grandison, Barronitt.
Let me infarm you, Mounseer Maiter-di-dauns," said I, as purlite as iver ye seed, "that it's not the gintaal thing at all at all, and not for the likes o' you inny how, to be afther the oggling and a goggling at her leddyship in that fashion," and jist wid that such another squaze as it was I giv'd her flipper, all as much as to say, "isn't it Sir Pathrick now, my jewel, that'll be able to the proticting o' you, my darlint?
Belave me, my jewel, it was Sir Pathrick that was unreasonable mad thin, and the more by token that the Frinchman kipt an wid his winking at the widdy; and the widdy she kept an wid the squazing of my flipper, as much as to say, "At him again, Sir Pathrick O'Grandison, mavourneen:" so I just ripped out wid a big oath, and says I;
Come back now, that's a darlint, and I'll give ye yur flipper.
Ye may jist say, though (for it's God's thruth), that afore I left hould of the flipper of the spalpeen (which was not till afther her leddyship's futman had kicked us both down the stairs, I giv'd it such a nate little broth of a squaze as made it all up into raspberry jam.