Understanding Stocks

INDEX 193
Mutual fund redemptions, 144
Mutual funds, 22–25, 180–183
NASD (National Association of Securities
Dealers), 7
Nasdaq (see National Association of
Securities Dealers Automated Quotation
System)
Nasdaq 100 index (QQQ), 84–85
Nasdaq Composite Index, 12
National Association of Securities Dealers
Automated Quotation System
(Nasdaq), 6–8, 14–15, 33, 57, 78,
84–85, 150
National Association of Securities Dealers
(NASD), 7
Net asset value (NAV), 23–24, 180
Net worth, 93
Netscape, 46
New York, 5–6
New York Stock Exchange (NYSE), 6,
10, 14
News-based trading, 80
Niles, Dan, 185
1929 stock market crash, 65–66, 144,
161
1987 stock market crash, 57, 144, 161
No-load funds, 24
Notes, 20
On-balance volume (OBV), 134–135
O’Neil, William, 75–76, 158
Online brokerage divisions, 56
Online investing, 58
Online traders/trading, 58, 78
Opportunities, 167–168
Options, 81–84
Orders, market:
going on margin with, 63–64
placing, 61–62
routing of, 62–63
types of, 58–61
Oscillators, 137–138
OTC (over-the-counter) market, 33
Outstanding shares, 43–44
Over-the-counter (OTC) market, 33
Overbought, 135
Oversold, 135
P/E ratio (see Price/earnings ratio)
P/S (price-to-sales) ratio, 103
Pacific Stock Exchange, 7
Patterns, stock, 119–125
double bottom, 122–124
double top, 122, 123
gaps in, 125–127
head and shoulders, 120–121
reverse head and shoulders, 121–122
triple top, 122
PEG (price/earnings/growth) ratio, 102
Penalties, market-timing, 182
Penny stocks, 33–34
Philadelphia Stock Exchange, 7
Piecyk, Walter, 183
Pink sheet stocks, 33
Points, 12–13
Politics, 154
Portfolios, 37
Position trading, 78
PPI (producer price index), 153
Prechter, Robert, 154
Preferred stocks, 5
Premarket, 53
Premiums, 83–84
Preparation for the worst, 166–167,
175
Previous close, 51
Price, stock, 13, 49–53
reasons for rise/fall in, 155
and stock quote, 49–52
Price/earnings/growth (PEG) ratio, 102
Price/earnings (P/E) ratio, 100–102
Price-to-sales (P/S) ratio, 103
Priceline, 101, 184
Principal, 21
Producer price index (PPI), 153