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Veravera
Joined: 10 Feb 2006
Posts: 53
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 Posted: Fri Dec 22, 2006 6:38 pm Post subject: wallow around |
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Dear teachers,
"Looking at the *tape*, you're going to see stocks just *wallow around* because of lack of interest," said John, co-head of equities for....
What is the tape here and what does wallow around mean?
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bud
Joined: 09 Mar 2003
Posts: 2111
Location: New Jersey, US
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| Posted: Mon Dec 25, 2006 8:10 pm Post subject: |
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"Tape" is probably "ticker tape." That's the stream of stock prices that you see across the bottom of the screen of a financial news TV station when the stock market is open.
"To wallow around" is moving (usually slowly) seemingly without direction. For a stock, you see it (the stock on the tape) at 10 AM and its''s at $34.12. At 11 it's at $34.46. Each successive hour it's at $34.01, $34.19, 33.59, $33.97, and closes at $34.07. It (the price) was wallowing around all day. |
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Bob S.
Joined: 29 Apr 2004
Posts: 1767
Location: So. Cal
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| Posted: Wed Dec 27, 2006 8:17 pm Post subject: |
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| See here for a brief history and info on ticker tape and why it still looks the way it does. |
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Veravera
Joined: 10 Feb 2006
Posts: 53
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| Posted: Wed Dec 27, 2006 10:00 pm Post subject: |
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Thanks,bud and Bod S.
so, at the early time when the technology was not so advanced, the stock quotes were received by the stock ticker machine and printed on a thin paper strip, known as ticker tape , really a tape, very interesting!  |
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