A large single order that has been divided into smaller lots, usually by the use of an automated program, for the purpose of hiding the actual order quantity. When large participants, such as institutional investors, need to buy and sell large amounts of securities for their portfolios, they can divide their large orders into smaller parts so that the public sees only a small portion of the order at a time--just as the 'tip of the iceberg' is the only visible portion of a huge mass of ice. By hiding its large size, the iceberg order reduces the price movements caused by substantial changes in a stock's supply and demand.
The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure. In Greek mythology, Icarus and his father, Daedalus, were imprisoned in Crete by King Minos. Daedalus created two sets of wings made from wax and feathers. He and his son were to use them to escape by flying. Daedalus warned his son not to fly too close to the sun. Icarus was overcome with the excitement of flying and disregarded his father's warning. He flew higher and higher, approaching the sun. As the wax melted and the feathers fell, so too did Icarus fall to his death in what is now called the Icarian Sea, near Icaria, an island southwest of Samos. The Icarus factor is most often seen when companies plow into businesses that work on different models from their existing lines. As they spend more and more money to try and catch up to companies already dominate in those fields, they use up the cash reserves built up by their core business - sometimes this drain can be fatal.
The name given to the rise in stock price that occurs when Carl Icahn begins to purchase shares in a company. The Icahn lift occurs because of Mr. Icahn's reputation for creating value for the shareholders of the companies in which he takes an interest. Carl Icahn is most famous for his work as an activist shareholder, but has also been referred to as a corporate raider. He purchases shares in a company that he believes is undervalued, and then creates a plan to fix the problems. This usually involves spinning off profitable segments, changing management, cutting costs and buying back stock.
An informal expression used to describe a situation in which an investor or an economy is in a good financial position. More generally, it refers to being in the best of health or condition. Blue chip stocks and healthy economies are examples of in-the-pink (or rosy) financial positions.
When a company's stock price is in the doldrums and has yet to rebound because of poor earnings, government regulation or another reason. Sometimes you'll hear an analyst say "they are going to be in the penalty box for some time to come." This means that it'll be awhile before the company turns things around.
A slang phrase used to describe a firm who has become a potential takeover target or has put itself up for sale. once a bid is made, a company is put "in play" and will often attract additional bidders. When a firm becomes a potential takeover target, its share price will typically increase on the expectations of being bought out. For example, in the late 1980s, management at RJR Nabisco felt the share price was unjustifiably low, so it made a bid to take the company private. This bid put the company in play, soliciting numerous other bids, sending RJR Nabisco's share price through the roof.
The purchase and sale of a security within a short period of time, usually on the same day. Generally speaking, this is the strategy of day traders, where they attempt to profit by buying or short selling large quantities of stock to capitalize on small changes in price.
An advertisement's (usually a banner ad) appearance on a web page. Ad space is often sold on a CPM basis. For example, if the page you're on shows five ads, that's five impressions.