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To: bbkun who wrote (5753)3/19/1998 12:46:00 AM
From: Ga Bard  Read Replies (1) | Respond to of 8835
 
That is the number of shares in a lot that the MM will fill on both sides. Now once they fill that lot they can raise or lower at their discretion.

do be do be dooooo

GaBard



To: bbkun who wrote (5753)3/19/1998 3:19:00 AM
From: S. Southern  Read Replies (1) | Respond to of 8835
 
"rookie question"

While the bid and ask does in fact represent the "# of shares
in a lot" on the NYSE, I have always understood the bid and
ask on NASDAQ to represent the # MMs that will guarantee not
less than 1000 shares at the given bid or ask price.

Just my two cents worth. Could be wrong.


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