The average of analysts individual earnings forecasts or buy/sell ratings.
Archives
Consolidated Short Position Report
A consolidated report that includes the total shares short (as of the trade date) and the net change from the previous report, for both TSX and TSX Venture Exchange listed issues. Under UMIR rule 10.10, all TSX and TSX Venture Exchange Participating Organizations and Members must report the firm’s short position on a semi-monthly basis to TSX Datalinx. Non-clearing firms may report through the firm that is responsible for their clearing.
Consumer Stock
This is a category of stock of companies that produce consumer-oriented products like food, beverages, tobacco, and pharmaceuticals.
Continuous Disclosure
A company’s ongoing obligation to inform the public of significant corporate events, both favourable and unfavourable.
Contrarian
Similar to value investor. Looks for stocks with prices beaten down out of proportion to fundamentals.
Bottom Line
After-tax earnings. Literally, the bottom line on an income statement (a.k.a. net income or profit).
Bought Deal
Rather than simply acting as an agent, an investment bank or other underwriters directly purchase securities from the issuer, usually at a discount to the market price, and then sells them to investors.
Bought-Deal Underwriting
A type of underwriting where the brokerage firm acts as principal. The brokerage firm risks its own capital to purchase all of the securities to be issued. If the price of the securities decreases before the brokerage firm has had a chance to resell the securities to its clients, the firm absorbs the loss.
Bounce
This occurs when a stock hits support in the form of an old high, a moving average, a trend line, or a combination of these, and moves up sharply. It is like dropping a ball onto a concrete sidewalk-the sidewalk is hard support and the ball bounces sharply. Not all support is strong enough for a bounce-we look for old tops (highs on the way up), breakout points (they act as resistance until the breakout-if the breakout is on good volume, it should act as support and give you a bounce). If money flow is good and the market is not tanking, we usually see a bounce off of this solid support.
Box Spread
Option arbitrage in which a profitable position is established with no risk. One spread is established with call options. The other spread is established using put options.