Overbought



[oh-ver-bawt] /ˈoʊ vərˈbɔt/

adjective
1.
marked by prices considered unjustifiably high because of extensive buying:
The stock market is overbought now.
Compare .
verb
2.
simple past tense and past participle of .
[oh-ver-bahy] /ˌoʊ vərˈbaɪ/
verb (used with object), overbought, overbuying.
1.
to purchase in excessive quantities.
2.
Finance. to buy on margin in excess of one’s ability to provide added security in an emergency, as in a falling market.
verb (used without object), overbought, overbuying.
3.
to buy regardless of one’s needs or financial means.

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