Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gary Korn who wrote (27834)	12/13/1997 5:26:00 PM
From: Joe Fang	Read Replies (1) of 61433

Hi Gary, first of all, thanks for all the block trading info. you've provided. And yes I think it is relevant data. About institutions buying at the ask, I asked the traders that sit behind me at work and here's what they basically said. My question: Do institutions buy at the bid unlike the rest of us ? Trader: No, in fact, most of the time they buy at the ask. He said that it really depends on how badly (the time and size of trade) they want the stock. If they want it asap, they will buy the whole block from the specialist at the ASK. But if they are only willing to pay (limit price)and/or are not in a hurry to acquire the stock, the traders will break up the order, i.e. send 5000 to the the floor, 1000 to DOT, 4000 to instinet to get price improvements. He didn't say much about buying at the BID since it is not always available. ( I am thinking only when there is another party that's willing to sell at a price that happens to be the BID price at the moment could it go through at the BID). Joe P.S. I hope this info. helps

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next