Broked

Question

“While we recognize copper is a well-broked bull story and there is the potential for a pullback, we continue to believe that copper prices will rise further in 2011, with any pullbacks in the short term potentially presenting good buying opportunities”

http://www.bloomberg.com/news/2010-11-15/copper-rebounds-from-london-to-shanghai-as-fundamentals-intact.html

What does "broked" mean?

My dictionary only defines "broke" as "past tense for break" and "penniless".

Thank you!

AlpheccaStars · Accepted Answer

It's not a word in any dictionary, so it must be a misprint.
The best guess I could make is that he meant to say "brokered."

A-

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Anonymous · Answer

Thank you!

If it is a misprint for "brokered", what does it mean?
Well made up or fabricated?

Is there any implication that the story is not really true?

Is there any implication that the story is made up on some intention?

AlpheccaStars · Answer

The story is in the financial industry. It's the job of brokers to recommend that their clients buy shares or commodities that they think will increase in value, and to sell shares or commodities that they think will decrease in value.

Brokers continually weave stories about what shares or commodities are going to do. So a story that is "well-brokered" would be one that has been around the brokers' community a while and used a lot in making buy or sell decisions.

Brokers make money on commissions, so they like to stir up interest for customers to buy or sell - if customers don't do anything, brokers don't make money. The stories they tell might be true or not. As someone told me, it's difficult to predict the future, and hindsight is 20-20.

Anonymous · Answer

I see.
Now I understand.
Thank you very much!!

Broked

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