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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: LPS5 who wrote (8474)	5/16/2000 11:56:00 AM
From: Bill Martin	Read Replies (1) \| Respond to of 18137

Can someone explain why INTC is sitting with a 100 share Ask at 120.25 left over from Friday? The market moves up and down past that quote in both directions, but it just keeps sitting there on the L II screen. The current Bid is above 121. Looks like some MM (GAIN) put that quote on the system and left to go fishing for the week. Surely there's a better explanation though. Bill

To: LPS5 who wrote (8474)	5/17/2000 2:46:00 PM
From: aldrums	Read Replies (1) \| Respond to of 18137

LPS5 wrote, "Does that answer your question, or have I missed it entirely? LPS5, Yes it does. But as OZ said, it is complicated, and maybe I don't need to know this...but I'm curious! So if I understand you right, a company and its underwriter can offer an almost unlimited amount of shares and this is not regulated by the SEC or any governing body. Then this must mean that even if a company has a large amount of outstanding shares they are not worth anything unless purchased because they do in no way represent the real value of the company. Is that correct? But when these shares are purchased they add value to the company (according to the current share price) and in effect become "part" of or the equity in the company. That leads me to this question; can a company increase or decrease the volatility of its stock and increase or decrease the liquidity of its stock by issuing more shares or by buying shares back? Alex