Strictly: Drilling and oil-field services 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.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Chuzzlewit who wrote (15529)	3/19/1998 3:55:00 PM
From: JZGalt	Read Replies (3) of 95453

Paul, things are not quite that simple on the NASDAQ. Multiple bids and asks. Unless you have Level II quotes which can see the spread in the market makers, the bid/ask you see (with Datek for instance) is just a representation of those spreads. When Steve splits the bid and ask price he can see he is sometimes moving to the bid/ask of one of the market makers. I'm no expert in this and since I rarely buy more than 1000 shares at any time, I just put orders like Steve does. Always use limit orders on the NASDAQ unless you want a rude surprise. If you want to see what I'm talking about, go to exchange2000.com Can you tell me what the bid and ask is? When you buy/sell thinly traded stocks like some biotechs, this is even more important where the bid/ask spreads reach 5-10% of the price of the stock. ;-)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next