Transactions

As reported in exchange trading statistics, represents the total number of trades for a specified period.

Transfer Agent

A trust company appointed by a listed company to keep a record of the names, addresses and number of shares held by its shareholders. Frequently, the transfer agent also distributes dividend cheques to the company’s shareholders.

Transferable Security

A security that can be transferred from one party holder to another without restrictions, provided that all proper documentation is included.

Trend Lines

These are lines, both up and down, that are formed by a stock?s price movement. In the simplest sense, trend lines are drawn between a stocks successive lows to find support, and successive highs to find resistance. The more times a stock?s price touches a trendline and holds, the better an indicator it is. Trend lines can be long term and short term, and, as noted, can be used to determine support and resistance. We often use trendlines to help determine when we should enter of exit trades. When we are in positions and following the trend, we do not like to see the stock break its trend for greater than one day. If a stock does that, it has changed its character, and the trendline is most likely no longer in force.

Time Segmented Volume (TSV)

TSV is a technical indicator that examines a stock’s volume and price and compares them to determine if a stock is under accumulation (buying) or distribution (selling). If TSV is moving up, this can indicate that price may follow.

To Buy and To Sell

These are phrases used in placing orders to either buy or sell securities. If you are placing an order to purchase ten contracts of Dell October $40 calls at a limit of 4 5/8 for the day, you would tell your broker you were placing a day order for 10 contracts of Dell October $40 strike calls to buy at a limit of 4 5/8. This gives your broker all the information he or she needs to place the order.