A speculator who applies for new share is ________.
A
a stag
B
middle man
C
jobber
D
lame duck
Correct Answer: a stag
A speculator who applies for new share is a stag. An investor or speculator who subscribes to a new issue, expecting the price of the stock to rise immediately upon the start of trading is known as a stag. The sole aim of a stag is to sell the shares soon after allotment to realise a quick profit.