scalper


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Scalper

1. A trader who holds a position for a very short time and sells it for a small gain. A scalper buys and instantly sells a security hoping to profit from the bid-ask spread. Scalpers hope the series of small gains over the course of the trading day will result in much larger gains. See also: Day Trader.

2. An investment adviser who makes a trade on his/her own account immediately before recommending a client to take a position on the same security. A scalper takes advantage of his/her insider knowledge and the client's trust to make a gain. Scalping, in this sense, is illegal.

scalper

1. A market maker who assigns excessive markups or markdowns on security transactions. Such activity is in violation of National Association of Securities Dealers rules.
2. An investment adviser who takes a position in a security before publicly recommending the security for purchase. The scalper then sells the security at a profit after the recommendation has caused investors to buy the security and push its price higher. This type of activity must be disclosed to buyers.
3. An in-and-out trader who attempts to profit on relatively small price changes.
References in periodicals archive ?
The scalpers just smile condescendingly whenever someone objects to inflated prices.
According to Pascrell, the goal is to "reel in" secondary ticket markets--the act is a net designed to scoop up large-volume scalpers while letting die-hard fans and small fish swim on.
Scalpers who ran advertisements online hired thousands of people to stand in line at the Apple stores, offering 100 yuan ($16) per person plus dinner, the Global Times reported.
We've built a very easy and cyber-safe environment that eliminates the role of ticket scalpers in the secondary ticket market," explained Joe Pensa, co-founder, FreeTicketExchange.com.
Williams warned against buying tickets from scalpers or online.
The ticket scalper may be a superior price discriminator when compared to the primary seller.
PORT ELIZABETH: Two hours before gates opened for the World Cup clash between Germany and Serbia on Friday, ticket scalpers circled the stadium for potential buyers.
In his early 20s, Greco supported himself dancing in cabarets and running show tickets for a Broadway scalper. Greco would often slip into the theater with the crowds and quickly developed a love for the stage.
"The scalper syndicate controls the tickets, and release these through their crooked salesmen at prices at least ten times the real value leaving the students at their mercy.
Sandvik Construction expanded its range of scalpers earlier this year with the launch of the QE241 heavy duty scalper.
But the promoter's bad business decision doesn't excuse Lyn Peraldo, a North Carolina mom who paid over $1,000 for four tickets to a Montana show and then filed a civil lawsuit against the online scalper with which she did business.
An airline employee and a ticket scalper were charged Tuesday (12 April) in connection with the bombing of two Russian passenger jets in August 2004.