Many internet stocks were high fliers in the late 1990s, even though most had never turned a net profit. Investors were sold on the story of what kind of money the companies could earn in the future based on the ultra-rapid growth rates seen at the time.
Many high-flying stocks tumble quickly; expectations can get well ahead of actual revenues and profits and as soon as a chink in the armour appears, short-term investors leave the stock in droves, sending shares plummeting.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
high-flier — highˈ flīˈer or highˈ flyˈer noun 1. A bird that flies high 2. Someone prone to extravagance of opinion or action 3. An ambitious person, or one naturally equipped to reach prominence 4. (with cap; historical) a High Churchman, or, in Scotland,… … Useful english dictionary
high-flier — high flyer n someone who is extremely successful in their job or in school ▪ a young businessman considered a highflyer by the media >high flying adj … Dictionary of contemporary English
high-flier — UK / US noun [countable] Word forms high flier : singular high flier plural high fliers someone who has achieved a lot and is determined to continue being successful … English dictionary
high-flier — noun (C) someone who is extremely successful in their job or in school: a young businessman pegged as a high flier by the media high flying adjective … Longman dictionary of contemporary English
high-flier — high fli|er noun count someone who has achieved a lot and is determined to continue being successful … Usage of the words and phrases in modern English
high-flier — see high flyer … English dictionary
high flier — /haɪ flaɪə/ noun 1. a person who is very successful or who is likely to rise to a very important position 2. a share whose market price is rising rapidly … Dictionary of banking and finance
(a) high-flier — someone who is very successful at their job and soon becomes powerful or rich. A high flier in the eighties, he was earning over Ј200 000 a year … New idioms dictionary
high-fly·er — ↑high flier … Useful english dictionary
high flyer — High priced and highly speculative stock that moves up and down sharply over a short period. Generally glamorous in nature due to the capital gains potential associated with them; also used to describe any high priced stock. Antithesis of sleeper … Financial and business terms