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pinhooking

pinhooking
 v.— «The colt’s sale price last year at the Fasig-Tipton Kentucky July select auction now looks like the bargain of a lifetime. Randy Hartley and Dean De Renzo of Florida bought the yearling for $425,000 for the purpose of reselling him, a practice known as pinhooking.» —“Colt Sold for Record $16 Million” Forbes Feb. 28, 2006. (source: Double-Tongued Dictionary)

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Further reading

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