Johnny Come Latelies, from Craig Mee
It seems in the market there are times when participants come into the auction and in doing so present worthwhile opportunities for more astute traders. Maybe this is after lunch, after a big ball game, after a holiday period, and the market has whipped around somewhat over this time period. Traders watching the screens through this period will see a market totally different to the johnnie come latelies. They will have seen the mine/ yours already played out and a market potentially in equilibrium. The latecomer will see a market which needs to be stopped out of, leveraged up on, faded…you name it, an interpretation will be there, due to a lack of "vibratory sense". (new term)
This presents an opportunity to trade value for the astute cane toting old timer, who will quite happily make a market for the new flow.
John·ny-come-late·lies or John·nies-come-late·ly (jnz-) Informal
1)A newcomer or latecomer, especially a recent adherent to a cause or trend.
2)a brash newcomer, novice, or recruiit