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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: Gary E who wrote (3583)	2/18/2000 11:36:00 PM
From: Patrick Slevin	Respond to of 7434

If you think about it, it's more fair than it has to be. If you bid $810 for three and I bid $800 for three, we both get them for $800 and you save thirty bucks. If only 5 were bid, and you bid $810 for 3 and I bid $800 for 2 then we would get five between us for $700 each. It's when someone wants the seventh unit (in this case) that the bids move up. Else they all go for the minimum bid. If you look at some of the other equipment, like the Surge Suppression equipment, there are as many as 70 plus units. Unless something unusual happens they will all go at minimum bid.