| invest., prof.jarg. |
purchase a large position in a stock or other financial asset in hopes that its price will shoot up in the future (If an analyst recommends that it is time to start backing up the truck on XYZ stock, this means that they are extremely confident and upbeat about how well XYZ stock will perform in the foreseeable future. "Backing up the truck" is a metaphor, that should conjure up an image of a truck backing into a warehouse or commercial building, where people scramble to load up the cargo hold with inventory that they believe has immense value. Like the metaphor, investor who thinks a stock is showing signs of a positive outlook, are apt to acquire as many shares as they can afford.The term "back up the truck" has also become a catchphrase among media personalities and investment bloggers, and is often featured in headlines, such as: “My Expert Opinion: Back Up the Truck on 10-Year Treasury Notes”  investopedia.com) |
