Momentum Player

An investor who buys securities that have performed well over the previous three to 12 months and sells those that have been performing poorly over the same period. This is a form of short-term investing based on the underlying belief that trends generally continue for a long period of time. This belief is at odds with the efficient markets theory, because momentum investing assumes that even inefficiently priced securities tend to remain inefficiently priced. Economists therefore disagree on whether momentum players pursue a sound strategy.

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He is a momentum player who should be full of confidence after his superb runner-up spot at Deere Run and it would be no surprise to see him in contention once again on a track he plays well.

Levin striking the ball brilliantly

Momentum Player is the highest-rated contender here, having run creditably over sprint distances, including a close second to Warrior Wings at the Curragh last time.

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Merk explained: "The Chinese don't have many places they can invest and so they have been buying real estate - including in California where I'm based - and they buy gold, so bitcoin is something they can jump on to and of course if the price goes high it attracts other momentum players.

Investor: Bitcoin Has No Value - But the Technology Behind it Does

These increases] are by no means small amounts and so there is a bit of profit taking going on from the momentum players," said Saleem Khokhar, head of equities at National bank of Abu Dhabi's Asset Management Group.

UAE markets decline as profit taking continues

FX short-term players and momentum players were short and something like this that alters perceptions in any way, whether you believe or not, leads to people covering their risk.