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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: scoobypax who wrote (50227)	6/7/2000 4:45:00 PM
From: lakers17	Read Replies (1) \| Respond to of 150070

scoobypax... .16 X .165 or .16 by .165 ... .16 is the bid what you can sell your shares for and .165 is the ask what you have to pay. On many OTCBB's the spread is much wider like .20 by .23. Generally when you put an order in to sell at .20 or buy at .23 you will get filled. You can also try to sell or buy shares in between and sometimes you will get filled. The OTCBB is controlled by market makers. Lakers

To: scoobypax who wrote (50227)	6/7/2000 6:14:00 PM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

Here's some good articles on Market Makers. dimgroup.com As Lakers said that .16 x .165 is the bid/ask or b/a...and even more precisely, the "inside" b/a ie the highest bid and the lowest ask. LOL except it isn't really with the BB's, it's the highest bid the MM's are willing to advertise, and the lowest ask the MM's are willing to advertise. On big spreads there is always someone trying to buy/sell in between and those are not shown. For good explanations of Level 2 (or Level II) which shows where all the MM's are bidding and asking, try these. digitaltraders.com equitystation.com sec.gov Here's a good site with lots of links etc. rookiedaytrader.com