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Politics : Ask Michael Burke

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To: accountclosed who wrote (36978)	11/20/1998 12:54:00 PM
From: IceShark	Read Replies (1) of 132070

AR, The early morning daq stock trades are happening on off exchange systems. Like instinet. And the daq bid/ask posts you see are good indicators of where the stock will open, although you get some pretty funky bid/ask prices like bid 107 ask 98, because traders are not updating both sides like they would if the market was open. For some reason I don't quite understand, big board stocks almost never trade off exchange, everyone just waits for the specialist to open 'em up sometime after the bell sounds. Regards, Ice

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