Taking the Street

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Taking the Street

The practice in which a hedge fund buys the entire inventory of a stock from several banks and brokerages with the intention to sell it in a short period of time. The hedge fund takes the street knowing that the banks and brokerages will need to buy the inventory soon for their clients. This increase in demand raises the stock's price. The hedge fund is then able to sell the stock to the same banks and brokerages (and others) at a profit.
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References in periodicals archive ?
NNA - 20/6/2011- Economy Ministry Nicolas Nahhas told "Sawt El-Mada" Monday that the ministerial draft statement would be "short, precise and satisfies the Lebanese without provoking external powers." He confirmed the necessity of "having a tour on key power countries to explain the different points of view after cabinet is granted trust." Nahhas considered that the opposition is a major necessity in democratic life, pointing out that "any opposition that takes the street if not well planned, it will lead to deviations and these issues should be taken into account." He called on opposition for cooperation to serve Lebanon's interest, confirming "that political disagreement is one thing and correcting the cabinet's work is something else." L.Y.R/N.AF
John McCabe will hold a walkabout surgery on Monday, November 14, from 10am to noon, when he takes the streets.
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