to toss or put in motion with a sudden impulse, as with a snap of a finger and thumb, esp. so as to cause to turn over in the air: to flip a coin.
2.
to move (something) suddenly or jerkily.
3.
to turn over, esp. with a short rapid gesture: to flip pancakes with a spatula.
4.
Slang. to make (someone) insane, irrational, angry, or highly excited (usually fol. by out).
5.
Finance. to resell, esp. quickly, or to refinance, as a mortgage loan.
–verb (used without object)
6.
to make a flicking movement; strike at something smartly or sharply; snap.
7.
to move oneself with or as if with flippers: The seals flipped along the beach.
8.
to move with a jerk or jerks.
9.
to turn over or perform a somersault in the air.
10.
Slang.
a.
to react to something in an excited, astonished, or delighted manner: He really flipped over his new girlfriend.
b.
to become insane, irrational, angry, or highly excited (often fol. by out).
–noun
11.
an instance of flipping; a smart tap or strike.
12.
a sudden jerk.
13.
a somersault, esp. one performed in the air: a back flip off the diving board.
14.
Cards. a variety of seven-card stud in which each player receives the first four cards facedown and selects two of them to expose before receiving the next card.
The immediate selling of shares purchased in an initial public offering. Flipping is especially popular in a hot IPO market when newly issued shares can soar in price when they hit the secondary market. Investment banking firms underwriting new issues generally discourage flipping, in large part because it can depress a stock's price in the secondary market.
Case Study
In late 2001 UBS PaineWebber issued a memo to its branch offices that the firm intended to fine its brokers whose customers engaged in flipping shares purchased in initial public offerings underwritten by the firm. According to the policy, brokers would be required to pay a fine equal to 200% of their original commission. Following complaints from the firm's brokers, PaineWebber withdrew the proposal but indicated it would monitor the investment activity of clients who participated in new issues and adjust future allocations of shares in subsequent IPOs. Investment banking firms dislike flipping because it tends to destabilize trading and depress the stock's price, both of which are likely to anger management of the issuing company.
[flip-ing] 
ɪŋ
