Short

This is a condition resulting from selling an option and not owning the related securities.

Short Sale

Selling stock you don’t own. You hope it drops in price so you can buy it back later at a lower price. You must have a margin account with your broker to sell short.

Short Sale Squeeze

A short sale squeeze occurs when there are many short sale positions on a stock the stock begins to increase. As the stock price rises, the short sellers scramble to cover their short positions, i.e., buying the stock they have sold back. This creates demand for the stock above that which caused the stock price to start rising in the first place, and can lead to rapid price appreciation.

Short Selling

The selling of a security that the seller does not own (naked or uncovered short) or has borrowed (covered short). Short selling is a trading strategy. Short sellers assume the risk that they will be able to buy the stock at a lower price, cover the outstanding short, and realize a profit from the difference.

Screening

Searching the entire universe of mutual funds or stocks meeting user-specified criteria.

Seat

The traditional term for membership on a stock exchange. An investment dealer or brokerage buys a seat on the exchange and one employee is designated as the seat holder. As Toronto Stock Exchange is now demutualized, there are no longer seats on the exchange.

Secondary Offering Financing

The dollar value of secondary offering securities issued in accordance with a TSX or TSX Venture Exchange approved transaction. It is the stated prospectus price multiplied by the “number of securities issued under the offering plus the over allotment”.

Sector Funds

mutual funds specializing in a particular industry sector such as computers, or health care.

Securities

Transferable certificates of ownership of investment products such as notes, bonds, stocks, futures contracts and options.