He misjudged the distance and his ball landed in the lake.
他对距离判断错误,球落到了湖里。
But block trade margins are often slim at best and, if the purchasing price is misjudged, banks vying for extra business can be left with millions of dollars in losses when the shares fall below the discount price offered at the initial auction.
然而大宗交易的利润率在最好的情况下也往往相当微薄,而如果误判收购价格,当股价跌至最初拍卖时的折扣价以下时,争夺这些额外业务的银行将不得不面对数百万美元的亏损。
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