s for stocks
. So named because the quotes
are all fraction
s like 7/32
, etc, which are also the size
s of drill bit
s. Buying stocks at these prices is very risky
This phrase will probably leave general usage as the markets move to decimalization.
Note: I did not 'make this up'. I saw it in a Washington Post article about the "Imploding Telecom Sector" on March 25, 2001.