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The word 'oversold' is correct and usable in written English.
It is generally used to describe something that has been sold above the actual demand for that particular product or service. For example, "The supermarket had oversold the limited edition product, resulting in customers being turned away at the checkout."
Dictionary
oversold
adjective
A stock or commodity market condition where there has been significant trading driving prices down to lower levels, levels which seem overextended or excessive on a short-term basis.
Exact(60)
Mr Robinson sounded a cautious note over what Mr Blair had set out. "We have to make an assessment of whether [this] is being oversold to us," he said.
At some point other poor countries may start demanding similar terms.Rich countries may also have oversold what they intend to do.
It does bear emphasising, however, that the simplicity of a VAT can be oversold.
Why do you think charter schools have not lived up to their promise?Ms Ravitch: Charter schools have been oversold as panaceas.
There is already a backlash against genomics, which has been oversold to consumers as a deterministic science.
Perhaps the market has been oversold by foreigners, who have sold shares to pay for losses elsewhere.
Some local commentators are beginning to worry that EU membership has been oversold as a panacea for all sorts of problems, and see a risk of a backlash.The small printIvan Krastev of the Centre for Liberal Strategies, a Bulgarian think-tank, notes that the idea of EU membership is most popular in those countries that are furthest away from joining.
British industrialists, who squeal about the pound's current "strength", will now like hamburgers even less.The Australian dollar appears to have been heavily oversold; it is 34% below its Mac-PPP rate against the American dollar.
Record numbers of flights were delayed, cancelled or oversold.
Stephen Green of Standard Chartered calculates that China's trade-weighted exchange rate, adjusted for inflation abroad and at home, is now at its strongest since 1989.Morgan Stanley reckons the shares of emerging economies have never been as oversold.
However bad the news, markets get oversold and shorts have to cover their positions.
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