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Gold/Mining/Energy : HYPER Canadian NET Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Brennan Wilkie who wrote (42)	6/16/1999 9:52:00 AM
From: Brennan Wilkie	Read Replies (3) \| Respond to of 76

BXG-V, going into the inet, possible health mall. The company has received shareholder/investor enquiries over the past month. This news update will clarify and confirm that it has reviewed business opportunities and have, at this date, narrowed its prospective acquisitions to specific businesses that would be of great interest and great value. The company has targeted the medical/health/beauty/anti-aging industry as its focus of acquisitions. The business opportunities that it is both reviewing and negotiating with are retail with Internet/e-commerce shopping capacity. More news on these businesses will be forthcoming. At its last annual general meeting, a share consolidation was proposed and approved. At this time the company has decided not to proceed on the matter and there will be no consolidation. However, it expects to be making additional announcements shortly, including a name change.

To: Brennan Wilkie who wrote (42)	7/14/1999 6:08:00 PM
From: Brennan Wilkie	Respond to of 76

Level II part 1 < TheSlayer > on my system, the different levels of bids and asks are color coded < TheSlayer > each level a different color < TheSlayer > I think yellow is one of them < TheSlayer > but what they mean - that has to be obvious < TheSlayer > those numbers on the L2? They usually mean the size of the bid and ask < TheSlayer > some people actually don't know that < TheSlayer > actually, I am looking at my L2 < TheSlayer > I will describe what I see < TheSlayer > anyone interested can follow me < TheSlayer > others can just listen to my singing < TheSlayer > lol < TheSlayer > You should have your L2 set in the classic style < TheSlayer > that is, basically the bids on the left and the asks on the right < TheSlayer > NOT the bids on top and the asks on the bottom < TheSlayer > I can't believe some people actually do it that way < TheSlayer > anyway, so they should be next to each other < TheSlayer > basically, two columns of information < TheSlayer > let's look at the left column < TheSlayer > the bids < TheSlayer > the bid side is made up of individual columns < TheSlayer > on mine, there are five columns of information included on the bids side < TheSlayer > I'll go through each column and what it means < TheSlayer > looking out the window to the extreme left < TheSlayer > we have the limit column < TheSlayer > you will notice lots of L's in that column < TheSlayer > in fact, right now they are ALL L's < TheSlayer > because only limit orders are in place < TheSlayer > there being no market orders active on Friday night < TheSlayer > the L indicates, as you would gather, that it is a Limit order at that price] < TheSlayer > so, when you enter a limit order with your broker < TheSlayer > guess what he and every other broker and mm sees? < TheSlayer > YOUR LIMIT ORDER! < TheSlayer > L's < TheSlayer > as in letter L < TheSlayer > lot of them < TheSlayer > lots of them < TheSlayer > ok, so the L's are the extreme left column < TheSlayer > now, the next column is the price column < TheSlayer > oops, no < TheSlayer > I take that back < TheSlayer > the next column is the mm column < TheSlayer > this shows who is handling the bid or ask < TheSlayer > They have funny names like MASH, SLKC, and NITE < TheSlayer > NITE is easy - but a box of cyber candy to anyone who knows aht SHWD stands for < TheSlayer > or MWSE < TheSlayer > or ALWC < TheSlayer > or VOLP < TheSlayer > or DLCR < TheSlayer > or ... well, you get the idea < TheSlayer > ther are lots of these guys < TheSlayer > and most knowledgeable daytraders don't have a clue what they stand for < TheSlayer > but if you know who the initials stand for < TheSlayer > it can help you < TheSlayer > for example, < TheSlayer > GSCO - I bet someone here knows who that stands for < TheSlayer > ? < webmaster > Goldman < garz > goldman sacks < TheSlayer > BRAVO < TheSlayer > people see GSCO on the bid < TheSlayer > and they go, wait < TheSlayer > those guys are GOOD < TheSlayer > they must KNOW < TheSlayer > something I don' < TheSlayer > t < TheSlayer > so when you see GSCO sitting on the bid < TheSlayer > which means always seeming to be the one at the top of the left column < TheSlayer > which means they are buying like crazy < TheSlayer > that is a REAL GOOD CLUE that they are buying big time < TheSlayer > for somebody < TheSlayer > such as themselves < TheSlayer > who has access to information < TheSlayer > you may not < TheSlayer > so pay attention < TheSlayer > to the mm column < TheSlayer > even if you don't know all the abbreviations < TheSlayer > 'cuz some matter < TheSlayer > and some don't < TheSlayer > like ISLD < TheSlayer > lol < TheSlayer > j/k < TheSlayer > ISLD - who knows the significance of ISLD? < TheSlayer > who is ISLD? < TheSlayer > YAY < webmaster > Datek < TheSlayer > that's right - ISLD is daytraders like you and me < Charlie_D^ > DATEK < TheSlayer > working on the ISLAND ECN < TheSlayer > so ISLD shows what the daytraders are doing < TheSlayer > at least, the not-so-clevers ones who are forcing your stock down < TheSlayer > ;) < TheSlayer > I hate ISLD < TheSlayer > anyways.... < TheSlayer > pay attention to the mm column < TheSlayer > now, the next column is the price column < TheSlayer > that should be the fattest column < TheSlayer > the one with all the colors < TheSlayer > mine is fairly typical < TheSlayer > I think < TheSlayer > the top layer is yellow < TheSlayer > the next is green < TheSlayer > the next is blue < TheSlayer > and the bottom is red < TheSlayer > each layer contains bids of the same price < TheSlayer > from different mm's < TheSlayer > assuming there is more than one mm at a given price < TheSlayer > the different colors < TheSlayer > tell you at a glance < TheSlayer > how far away from the actual bid the price is < TheSlayer > that you are looking at < TheSlayer > so, say the actual bid is 113 1/8 < TheSlayer > which is what VERT shows right this second < TheSlayer > on L2 < TheSlayer > (though that is not the REAL bid, cuz there are no market orders around) < garz > hence the colors assist in quick decode'n < TheSlayer > now, all bids at 113 1/8 are in yellow < TheSlayer > right now, that august group consists of one mm < TheSlayer > or one bid < TheSlayer > SLKC < TheSlayer > below it < TheSlayer > at 113 < TheSlayer > is another bid < TheSlayer > this one in green < TheSlayer > this is from MASH < TheSlayer > we are looking at VERT pay ATTENTION < TheSlayer > again, there is only one bid at 113 < who2 > We are looking at a course on L2 < TheSlayer > which is not unusal after hours < TheSlayer > so we have established that there is one bid at 113 1/8 < TheSlayer > and another at 113 < TheSlayer > and they are distinguishable in two ways < TheSlayer > one, they are color coded differently < TheSlayer > and two, they are different numbers! < TheSlayer > lol < TheSlayer > but the colors is the key < TheSlayer > 'cuz at a glance, as garz so wisely said < TheSlayer > the colors tell you they are different values < TheSlayer > now below the green layer < TheSlayer > is the blue layer < TheSlayer > and that contains another different number < TheSlayer > this time a slightly lower bid < TheSlayer > 112 3/8 < TheSlayer > and below that, the red layer < TheSlayer > with another different bid < TheSlayer > again lower < TheSlayer > 112 1/4 < TheSlayer > you'll notice the bids go down the further from the top you get < TheSlayer > it should be obvious why this is < TheSlayer > bids are the highest someone will pay for a stock < Thuan > They exist so you can easily tell the difference in price levels. Yellow represents the market makers with the best bid and ask prices, green the next best, etc. < TheSlayer > and the people who pay the most are at the top < TheSlayer > because those are the people the sellers want to deal with first < TheSlayer > the lower bids - sellers don't want those at all < TheSlayer > until the highest bids have been satisfied < TheSlayer > and thus disappeared < TheSlayer > so, natually, the number of bids in each level is significant < TheSlayer > should the price hit that level < TheSlayer > but the thing about L2 is < TheSlayer > you don't see all the bids below the toppermost layer < TheSlayer > ah ha~ < TheSlayer > this is something a lot of people don't get about L2 < TheSlayer > you don't see all the bids < TheSlayer > you only see all the bids at the highest level < TheSlayer > you don't see lower bids < TheSlayer > made by the same mm < TheSlayer > so in our example < TheSlayer > SLKC has the highest bid < TheSlayer > at 113 1/8 < TheSlayer > but he could ALSO be willing to bid < TheSlayer > 1000000000000000 shares at 113 < TheSlayer > and you would never know it on L2 < TheSlayer > until the 113 1/8 bid is eaten up < TheSlayer > on L3, you get to see the whole panorama < TheSlayer > all bids by all mm's at all prices < TheSlayer > but we don't use that < TheSlayer > only L2 < TheSlayer > so L2 is misleading < TheSlayer > though it does give you a clearer picture < TheSlayer > than just about anything else < TheSlayer > L3 I think is only available to brokers < TheSlayer > not sure about that < TheSlayer > but I think so < TheSlayer > but L2 is really good enough < TheSlayer > because, once you are familiar with it < TheSlayer > you can get a good idea of what other bids < TheSlayer > the guys at the top are making < TheSlayer > by shrewd deduction < TheSlayer > and, anyway, they'll pop up eventually anyway < garz > the number listed by mm is required to trade but not limited < TheSlayer > that's right garz < TheSlayer > the mm has to bid at least that number of shares < TheSlayer > if asked < TheSlayer > but he can throw more shares out < TheSlayer > as long as he wants < TheSlayer > again, this is called < TheSlayer > sitting on the bid < TheSlayer > accumulating shares < TheSlayer > being a share hog < TheSlayer > and the like < TheSlayer > ok < TheSlayer > I think you get the picture on that column < TheSlayer > on some L2 < TheSlayer > they indicate whether that mm < TheSlayer > has raised or lowered their bid < TheSlayer > from their last offer < TheSlayer > thus, the little symbols next to the numbers in that column < TheSlayer > in my L2, they are + and - < TheSlayer > in yours, they may be different < TheSlayer > but + and - makes the most sense to me, personally