英文名称:Daisy Chain 中文名称:菊花链指经纪商或其他市场人士在某一证券上制造交投旺盛的假象,通常旨在推高价格后出货牟利。 A group of unscrupulous investors who, practicing a kind of fictitious trading or wash selling, artificially inflate the price of a security so that they sell it at a profit. Price manipulation is typically very difficult in stocks with heavy volumes, so the stocks with low liquidity are much more susceptible to daisy chains. Investors who do not look carefully at a stock are the usual prey of a daisy chain. As a stock rises due to increased volume, investors who didn't do all their homework may be attracted to the stock because they want to participate in the rising price. These investors are typically caught owning a stock that continues to depreciate long after the daisy chain sells out their positions for a profit.
英文名称:Dawn Raid 中文名称:黎明突袭指在开盘后的短时间内大量购入某公司股票的行为,一般是收购计划的开始。e.g. In a surprise move referred to as \"the Dawn Raid,\" Chinalco, as it is known, bought Rio’s London-listed shares in early February for 60 pounds each. When a firm or investor buys a substantial number of shares in a company first thing in the morning when the stock markets open. Because the bidding company builds a substantial stake in its target at the prevailing stock market price, the takeover costs are likely to be significantly lower than they would be had the acquiring company first made a formal takeover bid. Like the dawn raid in war, the corporate dawn raid is done early in the morning, so by the time the target realizes it's being attacked, it's too late - the investor has already scooped up some controlling interest. However, only a minority interest in a firm's shares can be bought this way. So, after a successful dawn raid, the raiding firm is likely to make a takeover bid to acquire the rest of the target company.
英文名称:Discount Yield 中文名称:贴现收益率/折扣收益率以贴现方式出售的证券的年收益率。 Discount yield is a measure of a bond's percentage return. Discount yield is most frequently used to calculate the yield on short-term bonds and treasury bills sold at a discount. This yield calculation uses a 30-day month and 360-day year to simplify calculations. Discount yield is calculated by the following formula:Discount Yield = [(par value - purchase price)/par value] * [360/days to maturity]The 30/360 simplification used in discount yield means that the discount yield figure is a slightly inaccurate measure of an investor's true return on investment. Although more accurate measures of yield are available, discount yield is still used as a matter of convention within the short-term bond and treasury bill world. This may be partially due to the fact that the yield on U.S. Treasury Bills is most commonly quoted as a discount yield.
英文名称:Discount House 中文名称:贴现行/贴现公司为各种货币市场工具如承兑商承兑的长期汇票、国债和商业票据等提供贴现服务的金融机构。Primarily operating in the United Kingdom, a firm that buys, sells, discounts and/or negotiates bills of exchange or promissory notes. This is generally performed on a large scale with transactions that also include government bonds and treasury bills. Also called a bill broker. In the United States, a discount house can refer to a large retail store that is able to offer consumer durables at discounted prices because of its ability to purchase in bulk and employ expense-controlling practices.A discount house is a money dealer that participates in the buying and discounting of bills of exchange and other financial products such as money markets, certain government bonds and banker’s acceptances.
英文名称:Discount Bond 中文名称:贴现债券/折扣债券指以低于面值发行,到期按面值偿付的债券。其发行价与面值之差便是预先支付的利息。贴现债券一般为短期债券。e.g. The benchmark pesoA bond that is issued for less than its par (or face) value, or a bond currently trading for less than its par value in the secondary market. The "discount" in a discount bond doesn't necessarily mean that investors get a better yield than the market is offering, just a price below par. Depending on the length of time until maturity, zero-coupon bonds can be issued at very large discounts to par, sometimes 50% or more. Because a bond will always pay its full face value at maturity (assuming no credit events occur), discount bonds issued below par - such as zero-coupon bonds - will steadily rise in price as the maturity date approaches. These bonds will only make one payment to the holder (par value at maturity) as opposed to periodic interest payments. A distressed bond (one that has a high likelihood of default) can also trade for huge discounts to par, effectively raising its yield to very attractive levels. The consensus, however, is that these bonds will not receive full or timely interest payments at all; because of this, investors who buy into these issues become very speculative, possibly even making a play for the company's assets or equity.
Also known as the Wiener Borse AG, this exchange is located in Vienna, Austria. It is one of the most established stock exchanges in all of southeastern Europe. The Vienna Stock Exchange facilitates about 60% of all stocks traded in Austria. Founded in 1771, the Vienna Stock Exchange is one of the oldest in the world. It was originally founded to provide a market for bonds issued by the state. This market crashed in 1873 along with several other exchanges around the world during the worldwide depression.
A weighted measure of how much a stock has risen or fallen over a certain period, usually a year. Generally, more emphasis is placed on recent activity by assigning higher weights to it than those assigned to earlier movements. This helps to give a return figure that has a greater focus on the most current period and is a more relevant measure for short-term analysis. This technique is popular with technical analysts. If the stock was up over the period, it will have a positively weighted alpha. An unchanged stock price has a small weighted alpha. A stock whose price has fallen over the period will have a negatively weighted alpha. Technical analysts use this measure to identify companies that have shown a strong trend over the past year and, more specifically, to focus their attention on companies whose momentum is building.
A price zone in which a stock finds support and begins to trade upward once again. In technical analysis, support occurs not at a finite point, but in a zone. The "density" of the zone of support (how far the price can move down through it) depends on the volume of trading as the price approaches and enters the zone. The higher the volume of trading in the zone of support, the higher the point at which actual support will most likely occur. As the price of a security falls toward a zone of support, it is a test: how far the price moves down through the zone will be an important indicator for future attempts to pass through it.It is important to note that even though higher volume can raise the actual support point within the zone, the chance of the support zone being wiped out is also higher. When trying to catch the bottom of a retracement, it is imperative that stop-loss orders be used.