Speculator

Someone prepared to accept calculated risks in the marketplace for attractive potential returns.

Mortgage REIT

A real estate investment trust (REIT) whose primary business is investing in real estate loans. 

Triple Witching

the third Friday of March, June, September and December is the day when index futures, index future options, and certain stock options all expire. Triple Witching Fridays are know for high volatility.

Screening

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

Long Tail

A ‘long tail’ means the low for the day was well below the close. In other words, the market opened, sellers took over and pushed the index down, but then buyers came back in and ran the index back up to where it opened. The buyers had the last say on the day and showed a lot of strength moving up. That tends to show a reversal in the buying patterns and foretells a further rise from here for the short term.

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.