Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 10.77

-4.8%

10:12 AM EST

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To: advinfo who wrote (7391)	4/16/1999 9:04:00 PM
From: HPilot	Read Replies (1) of 17679

Methinks some of you don't know what drives a stock price up. Except for the NASDAQ it's an auction. If you bid at 5 and someone else bids 5 1/8 the higher price gets filled. Market orders affect the price change by filling the higher bid or lower ask. Then the bid or ask goes to the next higher ask or lower bid. But if volume is high it is likely someone has allready placed a higher bid or lower ask. I have often seen bid ask at the same price. Because that is where someone placed them at and the trade had not yet been filled. On a day like this when 95% of the trades were placed by institutions and mutual funds (retail?). I can understand why if some small investor placed a bid at 5 for 100 shares. the night before (hoping to get lucky) and all institution trades at 5 5/8 gets filled. And no other investor has placed a bid. Well the price goes to 5 and some poor sot who placed a market order thinking it will fill at 5 5/8's takes it in the shorts. Rule don't place market orders. Just limit and stops. Good idea to place stop limit orders to.

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