the work of stockbrokers
English translation: Two possibilities
| 09:13 Mar 29, 2003 |
| English language (monolingual) [PRO] Bus/Financial | |||||||
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|  Selected response from: Ralf Lemster Germany Local time: 22:52 | ||||||
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| SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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| 3 | Brokerage Company |
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| 3 | to cover up tracks / create mass participation impression / stock manipulation |
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| 3 | Two possibilities |
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Answers
5 mins confidence: 
Brokerage Company Explanation: Could it be that they are talking about a brokerage company, where 10 stockbrokers have been assigned to a specific project? Reference: http://www.polpo.co.uk/index.html?companyprofile.htm~main |
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2 hrs confidence:
to cover up tracks / create mass participation impression / stock manipulation Explanation: Sometimes a big investor, in order to prevent the market from guessing that all the trades came from a current investor, would spread it over a few brokers. I'm not sure about Italy though, whether the stock exchange there gives information naming actual investor, only naming the brokerage agent when giving quotes, or none at all. And sometimes, for purpose of manipulation (illegal in some countries), like chasing up the value of a stock before dumping it. -------------------------------------------------- Note added at 2003-03-29 11:44:50 (GMT) -------------------------------------------------- current investor -> single investor -------------------------------------------------- Note added at 2003-03-29 13:48:42 (GMT) -------------------------------------------------- \'Dedicated\' here means \'assigned to you\' something like if you are a high net worth individual, the private banking institutions would assign a personal banker to you, so that you normally deal with the same banker. -------------------------------------------------- Note added at 2003-03-29 14:03:49 (GMT) -------------------------------------------------- \'chase up the stocks\' here means making transactions without changing ownership -> trade among a closed group or same person. |
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5 hrs confidence:
Two possibilities Explanation: "Broker" can indeed refer to an individual as well as a company (although in the latter context, I would expect a reference to "brokerage houses"). I would need to see more context to judge what exactly they're referring to - here are my guesses (educated, hopefully): If the statement is made by a brokerage company (or other financial services provider), I believe it refers to ten individual (employees) handling trades in that particular share. If, however, this is part of an analysis regarding "Pluto Group" (either a company profile, or an analyst's report), it could well refer to the fact that "Pluto" is *covered* by ten brokerage houses. "Coverage" in this context means that these houses conduct research, publish reports and advise about investing in the company. |
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