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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: pater tenebrarum who wrote (69618)10/18/1999 2:31:00 PM
From: paulmcg0  Read Replies (2) of 86076
 
The one I am most amused by, at the present time, is what the Island ECN online book shows for the absurdly overpriced STMP -- put it in the Java version of their online book of bids and asks right now and you'll see that there are 9 orders to buy the stock and 75 orders to sell the stock. Not only that, the market price is 32 3/16, while there are 60 orders to sell at prices above 36.

A lot of these Internet speculators are completely clueless about how capitalism works -- in capitalism there is no guarantee that anyone will buy what you are selling at your price, and there's no guarantee there will even be a buyer!
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