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To: Susan Saline who wrote (2304)3/5/2001 11:38:58 PM
From: chartseer  Read Replies (1) | Respond to of 2402
 
The closing Quote is not a real quote as the specialist or MM usually spreads the quote out. Years ago the closing quote really represented the best bid and best offer. When other exchanges trade after the New York markets closed the quote was spread out. Had to do with other exchanges trading against the New York bid and asked.
In one of my current stocks I know their is 80,000 @ 4 but the market shows the closing asked as 4.09. That is just one example where the closing quote is not real. Check any of your stocks and see how the quote is spread out.

then again what the heck do I know?

chartseer



To: Susan Saline who wrote (2304)3/6/2001 9:33:44 AM
From: Joe Lyddon  Read Replies (1) | Respond to of 2402
 
Susan, I'm not going to join-in on your pissing contest!

If you think your portfolio is properly valued using the Last Transaction price, you are only dreaming. . .
aka: Wishful Thinking!

Maybe it just makes you feel better to see your stocks valued at those higher prices. . .
[really knowing that you couldn't really SELL at them].

Go ahead, try to SELL at the Last Transaction price. . . You're going to try selling at the ASK. . . Won't happen!

I've said all I am going to say on the subject!

May you eventually get real!

Joe