Stock Jobber

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Stock Jobber

An investor who buys stocks only to resell them at a profit very quickly. Stock jobbing is a short-term investment strategy that operates on the assumption or existence of liquid markets. The practice, when done over and over by a large number of stock jobbers, can lead to a speculative bubble. See also: Flipping.
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References in periodicals archive ?
Critics, among them Addison, Defoe, and Swift, attacked the ensuing corruption of Walpole's administration, employing rhetorical strategies differentiating the traditional citizenship of those with landed wealth from that of the new class of rentiers and stockjobbers, who made money from the intangible products of the financial revolution (426-36).
Some linked them to self-interested stockjobbers and politicians who profited from the war.
Although Manning at times included stockjobbers and speculators in his category of the leisured, he was scarcely thinking of those who did not labor for a living as "capitalists." Rather, his leisured few, numbering what he took to be about one-eighth of the population, were those traditionally referred to as aristocrats or gentlemen.
Virginia planters such as John Taylor, George Mason, and Richard Henry Lee argued that Hamilton's program promised a windfall to the "paper interest" - speculators and "stockjobbers" - who held government securities and bought shares in the Bank of the United States.
Into the breach stepped the stockjobbers and brokers operating in the London stock exchange.
Back in 1852, President James Buchanan wrote to future president Franklin Pierce that "the host of contractors, speculators, stockjobbers and lobby members which haunt the halls of Congress ...