Grinders and Gripers Coffee Shop Message Board

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Pastimes : Grinders and Gripers Coffee Shop

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To: Colin who wrote (1267)	7/16/1998 9:15:00 PM
From: Apex	Read Replies (1) of 4201

Colin: If I understand the B&A were 2.36/2.43 and last was 2.43...sale of 400 shares was at 2.37 My explanation...who the heck knows, but I'll take a stab at it: Seller's objectives: -needed to get rid of the shares asap. -wanted to make sure that the sale occurred...asked for a lower price. -if he put in a price restriction of 2.37...there may have been a chance of someone putting in an offer to by at 2.37 or at market only 400 shares. Buyer's objectives: -could have only $1000 to spend. So, 2.37*400=948+40 comm.=988 -buyer put on price restriction of 2.37, since at a penny more he might not have enough funds. ...got to understand that some people place certain resistances in spending on stocks. Some might say I have 5k to play with and not a penny more. If there is a all or none restriction on the Canadian stocks, the order is treated differently and is placed 'behind the scenes' in order to get it filled. Brokers's objectives: Commission, commission, commission.... Hope this helps...If anyone else has 2c more, please add them. Apex ps 400 shares is not an odd lot at 2.37 Board lots: Share price below 10c...lot = 1000 Share price 10-99c...lot =500 Share price $1.00 or higher...lot = 100

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