Vidikron Technologies Group (VIDIC) Message Board

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Technology Stocks : Vidikron Technologies Group (VIDIC)

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To: Spyder who wrote (752)	10/16/1998 7:58:00 PM
From: jbIII	Read Replies (2) of 782

Spyder, Correct me if I'm wrong, I believe the posted trade price is actual MM trade price. Essentially that's correct and the last trade posted is the MM price, but the only way to know if that is a MM buying or selling is to compare it to the last reported Bid/Ask. Like today, the last trade posted for PJTV is at .063 with the Bid at .031 and the Ask at .063. This means that some customer bought shares from a MM at .063. But some MM would only pay .031 to buy those same share's back. The point I was trying to make is when one day the close is .03 and the next day the close is .09 , well there really isn't a 200% increase for customers because no one actually bought at .03 and sold at .09. The best that they could have done was buy at .06 and sell at .06 or the worst case was Buy at .09 and sell at .03. Sometimes there can be some confusion in the actual price someone may pay or get if there are more than 1 M&M. If there are several M&M's then the posted Bid will be the lowest of all their bids and the posted Ask will be the highest of them all. So the posted values may are not necessarily be from the same M&M. The next problem is if someone places an "At Market" order. M&M's can and will momentarily raise their sell price or lower their buy price to accommodate a buyer/seller that is willing to pay/take more or less to guarantee a trade as soon as possible. Sometimes these "At Market" orders won't have been reflected in the Bid/Ask but could show an artificial high/low on a chart or closing price. Never ever place an "At Market" order, you are at their mercy or lack of it. A classic example is from a junior mining stock I follow, last summer they posted some huge find and the stock had a run up from .10 to .40 or .50. Naturally their numbers were questioned and SEC suspended trading for a week. While suspended there was several news stories and lots of hype. So when trading resumed on the Pink Sheets lots of people put in At Market orders and paid 1.50 to 1.75 , a few sold on the way up but no one sold at the peak and eventually the bottom fell out and it's back at .20 still waiting to prove the numbers. Hope this helps, jb3

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