Overreaching

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Overreaching

Used in the context of general equities. Creating artificial volume in a stock through activity not generated by normal/natural buyers and sellers in the market.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Overreaching

1. The process by which ownership of one asset is changed into ownership of another asset. For example, one may own a car and then sell it. Afterward, one owns the cash from the sale. The process by which this occurs is called overreaching.

2. The act of buying and/or selling a security repeatedly such that the trading volume goes to an artificially high level. If one overreaches as part of a price manipulation scheme, it is illegal.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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"Oracle's damages expert served a report that overreached in multiple ways — each and every overreach compounding damages ever higher into the billions — evidently with the goal of seeing how much it could get away with, a 'free bite,' as it were," the judge wrote.
Reading Aeschylus at Jacqueline Kennedy's suggestion, Robert began to wonder if the Kennedy family had somehow overreached, dared too greatly.
Carroll argues persuasively, however, that Burgundian courtiers were aware by the end of the fifteenth century not only that the Dukes had overreached, but more broadly that the chivalric code which they had invoked as justification for their enterprise was seeing its last days as well.
But the brothers (Maurice is pictured) overreached themselves, and the business came perilously close to collapse.
And many commentators badly overreached by lumping shoot-'em-all-up video games like Quake with thoughtful, albeit violent, television such as HBO's The Sopranos.