Noun: used to describe an action, state, or occurrence, of listening to advice from UBS's Rebecca Cheong and having the financial markets go the opposite way.
Verb: describes the action receiving a hose
job,
royal spanking, or being taken to the woodshed from listening to advice from UBS's Rebecca Cheong and having the financial markets go the opposite way.
Noun: "I bought 100
e-minis at the highs after
reading the UBS note and got cheonged today when the market sold off"
Verb: "I read Rebecca's note this morning, placed my orders, and now I am looking to avoid a Cheonging"