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Technology Stocks : Ascend Communications (ASND)
ASND 212.33+1.1%Nov 28 9:30 AM EST
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To: Gabor who wrote (34793)2/13/1998 5:41:00 PM
From: username  Read Replies (4) of 61433
 
Gabor, on the NASD the MM takes the stock in (buys) at the bid and lets it out (sells) at the ask. If you want to buy stock, you pay the ask, the MM owns it for less than the ask, that's the game.

that's how they make their money. look at a 5 dollar stock with a quarter spread and you'll get the concept, that's 5%!!.

you can always put your buy limit lower than the ask, but no guarantee you will get filled.

Note: the NYSE is NOT THE SAME as the NASDAQ on this stuff.
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