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Non-Tech : Littlefield Corporation (LTFD) -- Ignore unavailable to you. Want to Upgrade?

To: Que who wrote (5310)	12/9/1997 2:24:00 PM
From: george eberting	Read Replies (1) \| Respond to of 10368

OFF TOPIC: I don't know if any of you follow DCTC or not. But the president of the company has virtually guaranteed a significant rise in the company's stock in the next couple of weeks. Check it out at: Message 2915270 (p.s. Joseph Murphy is the company's CEO) George

To: Que who wrote (5310)	12/9/1997 2:28:00 PM
From: Jonathan Brown	Read Replies (2) \| Respond to of 10368

Que, let me double-check to be sure I've got this down. Let's take a hypothetical: B=5 7/8 for 1,000 shares, A=6 for 1,000; let's also assume a stop market order below at 5 3/4. Finally, let's assume no other orders are outstanding. Now assume the market maker wants the shares at 5 3/4. Can he only do this if no other market makers have a bid in at 5 7/8? I'm guessing he can't lower the bid to clear the stop until all higher bids have been filled. For example, say there are two market makers, A and B, both with bids at 5 7/8. Then a third market maker or broker C comes along with an ask of 5 7/8. Let's say A buys those shares (is this done by queueing, Q? first come, first served?). Then the only bid is market maker B at 5 7/8. Now, since no shares are being offered for 5 7/8, does that leave the coast clear for B to lower his bid to 5 3/4, thus clearing the stop? I hope that's clear. Is that the game? J

To: Que who wrote (5310)	12/9/1997 3:28:00 PM
From: FeringiTrd	Read Replies (1) \| Respond to of 10368

>>>Loads of support for the warrant at 3/4 - if your doing the short term thing snap some up now just above 3/4 (I don't think the 3/4 will fill).<<< Que, I have to agree, at least for today; I placed an order @ 49/64 when it was 3/4 x 27/32 (MM didn't have to display, because less than 5k shares), and soon after my MM (NAWE) bid 20 (to reflect my bid)@ 3/4 (he's trying to make 1/64 on the transaction), GAIN jumped the bid to 13/16 (there were no transactions in the time expired). There doesn't seem to be much current interest in selling @ 3/4, as it sat there for a while without any action. Dave