Stock Quote and Other Terms

Quote  Usually the bid/ask price you receive from your broker or online
service. It's the highest bid to buy and the lowest offer to sell your stock
at a specified time.

Rally  A very sudden increase in market value and activity.

Rights Offering  An offering by a company to it's shareholders to
purchase additional shares of stock for a definite period of time.

Registered Representative  Another name for a stockbroker.

Reverse Split  A reduction in the total outstanding number of shares
caused by reissuing shares at a higher par value.

Round Lot  Usually a 100 share unit of stock.

Specialist  A stock exchange member who stands ready to buy and sell
a security in order to maintain an orderly market.

Sell Order  An order given by a individual to his broker to sell his stock.

Secondary Market  The market in which you can buy and sell securities
following an initial offering.

Shares Outstanding  The number of company shares owned by the
public and not held by the company.

Short Sale  Borrowing a security and selling it expecting the security to
decline in price so you can buy it back at that lower price.

Stock-Limit Order  An order to buy or sell a stock when the price
reaches a certain level.

Sweetener  Refers to a warrant when attached to a common stock.

Stock Split  Dividing existing stock into more shares and reducing the
price per share to help improve the stock's marketability.

Shot From The Sky  Slang used to describe a sharp market downturn.