sell the book

Sell the book

Used for listed equity securities. Order to a broker by the holder of a large quantity of shares of a security to sell all that can be absorbed at the current bid price. The term derives from the specialist's book - the record of all the buy and sell orders members have placed in the stock one handles. In this scenario, the buyers potentially include those in the specialist's book, the specialist for its own account, and broker-dealers.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Sell the Book

An order to a broker to sell as much of a position as possible at the current, market price. That is, one sells the book when one wishes to close the position on the stated security. The term refers to the specialist's book on an exchange.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

sell the book

A customer order to a broker to sell as much of a security as possible at the current bid. Purchases also may be made by a specialist or other interested broker-dealers. The phrase derives from the book of existing orders that a specialist keeps.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Obviously, I can't tell you the whole story here--I want to sell the book, after all--but I now believe that Bob Harrison, the scary "Sultan of Sleaze," was actually a powerful if unwitting pioneer in the struggle for gay acceptance.
The illustrative material, as a whole, will do little to sell the book. Seventy five of the 135 figures in the book are simple black-and-white maps showing earthquake epicentres, faults, and localities mentioned in the text.
The diary by Ilene Powell was donated to the charity Oxfam, which has decided to publish and sell the book because of the huge interest shown in it.
So, for example, if you're writing a romance novel about black couples, it might work in your favor to sell the book to Dafina, an imprint of Kensington that publishes the bestsellers of romance novelist Mary B.
She begged the Congregation of the Index to permit them to sell the book or to buy the unsold copies.
Knopf announced it would no longer sell the book. Maybe anything can get into print, but staying in print seems to be a different matter.
But the Booksellers' Association warned that what should be a big pay day for small bookshops could turn into a disaster as the big chains sell the book at a loss.
``We want the pub to scrap plans to sell the book. It is not the image we want for Everton Football Club.
Company employees had phoned ministries and agencies, universities and companies to sell the book and had sent the books to them with a payment remittance slip, the sources said.
The company is to sell the book group - which publishes Tom Clancy, Stephen King and John Grisham in German - to Bertelsmann AG's Random House division, as part of its restructuring efforts.
We sell used books to everyone, but if someone informs us that a particular buyer is a trader who wishes to make profit, we will not sell the books to them."