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To: E. Davies who wrote (19697)	2/16/2000 9:29:00 PM
From: Ahda	Respond to of 29970

Eric you cannot have a buy without a sell. I offer you my house are you willing to come up with what i ask for it. If you aren't willing maybe someone else is. So the MM cannot do diddly poop under normal circumstances but if you a have an non reputable person he does the diddle poop without the Sec knowing he did it . You can't define a buy until you have a sell.

To: E. Davies who wrote (19697)	2/16/2000 10:33:00 PM
From: John Madarasz	Read Replies (1) \| Respond to of 29970

O/T... If I could respectfully interject here... I believe the context of the original discussion was what is a buy and what is a sell in the U.S. Stock Markets, not in the real estate market or anywhere else for that matter. Since very little stock exchanges hands directly from one retail investor to another, the buy and the sell is dictated and orchestrated by the Specialist, or Market Maker, and consequently so is the direction of the stock. The confusion here for some (I think) seems to lie in the issue of who is really buying and who is really selling in regards to what influences the direction of the price of a particular issue of stock. I hope I've got my thinking cap screwed on straight.<g> Regardless it's been a very enlightening discussion... thanks to the participants. Best Regards, JM

To: E. Davies who wrote (19697)	2/16/2000 10:49:00 PM
From: ahhaha	Respond to of 29970

No. You haven't got it at all. You can't both buy and sell your house in the same transaction. I said "verbal" because it surely couldn't be written. All agreements must be of one of these two forms. Sorry, a transaction isn't an agreement. You had better get that understood because the other side hasn't agreed to anything you expect. An agreement is only of value up to its enforcability in a court of law. Can you really be this neglectful of the obvious? Even the patzers understand what a buy is. I really mean what I said: a buy is an exchange of cash for stock. You state, "When someone places a bid to buy and someone else sees that order and decides to sell to it you" is a definition for "buy". This isn't it at all. You still don't have correct what can be inferred from the transaction of buying.