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Pastimes : Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (2301)	3/5/2001 9:28:50 PM
From: Joe Lyddon	Read Replies (1) \| Respond to of 2402

Susan, what is the price you are going to SELL at? The BID!. . . The BID!. . . Now, that's common sense. . . right?! If you ever can BUY at the BID or SELL at the ASK, you have a very good friend as a stockbroker that is giving his Company away! We all know, I thought, one BUYs at the ASK. . . and SELLs at the BID. . .! Is that right or wrong?! Yes, it's right!. . . Plain ole common sense! Now, we're talking about a "Contest" whereby the Value of one's portfolio must be valued AS IF it were being SOLD. . . Right? . . . Just plain ole common sense. . . Right?! Therefore, in a contest such as this, the objective is to BUY, at the ASK, at the start of the contest, AND SELL at the end of the contest. . . What do we SELL at?. . . Yes, dear, you guessed it. . . The BID. . . NOT the last transaction price (which could be either one). . . BUT THE BID! The only reason historical charts are the way they are is because they go by the LAST TRANSACTION PRICE because that's the easiest way to do it! But, just because they do it that way, it, in no way, tells you what the true SALES VALUE the stock has! It only gives you an idea... That's all it does. . . If it's an OTCBB stock, you could be in for a rude awakening when you try to SELL it for that price. . . Dream on! In the Real World, we BUY at the ASK and SELL at the BID; therefore, it is the BID that any portfolio should be TRULY valued at any point in time. Whether you choose to believe this or not, it all boils down to just plain "Common Sense". Respectfully submitted by Joe Lyddon