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TeachMeFinance.com - explain Pinholed historic definition... Pinholed -- When a stock certificate is punctured with numerous pinholes they furnish evidence that the certificate has had numerous sale tickets (memoranda of sale) pinned to it that it has changed hands numerous times. When stock certificates bearing date materially earlier than that on which purchasers receive them are appearing in large numbers without pinholes it is taken as evidence of the unloading of permanent holdings. Were the stock numerously pinholed the inference would be that it was floating stock stock in regular use in speculative operations. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.