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”.

Unlisted

A security not listed on a stock exchange, but traded on the over-the-counter market.

Margin

Margin allows investors to buy securities using borrowed money from a broker. The investor is charged interest for the loan. Margin requirements differ depending upon the type of transaction being made or the type of stock being purchased, e.g., selling puts, buying stock, credit spreads. Options are not generally marginable.

Sector Funds

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

Upside Breakout

This occurs when a stock has consolidated, formed a base, or has been in a trading range, and then breaks above that level, surpassing resistance at the top of the range or base. Breakouts are suspect if they do not occur on high volume (compared to average daily volume). When playing a stock to buy on the upside breakout, we like to use a “buy stop” which calls for purchase when a stock rises above a certain price.

Margin Call

This is a demand for a client to deposit money or securities into a margin account. This can occur when a purchase is made in excess of the value of the margin account or when the value of an account decreases because the value of the securities held decreases regardless of whether a new purchase is made or not.

Securities

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

Uptick

A stock is said to be on an uptick when the last trade occurred at a higher price than the one before it.

Market

The place where buyers and sellers meet to exchange goods and services. It also represents the actual or potential demand for a product or service.