Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: HeyRainier who wrote (515)	3/26/1998 6:49:00 AM
From: Vitas	Respond to of 1720

nasdaq.com should be a good starting point. They also have regional office phone numbers that can probably send some sort of information packet. E-mailing gets slow responses (a week or more). Thanks for the clarification of the sequential. Vitas

To: HeyRainier who wrote (515)	3/26/1998 9:31:00 PM
From: ftth	Read Replies (1) \| Respond to of 1720

Listing requirements for NASDAQ NMS (there are two options used as qualifiers, shown in the 2 columns): Net income (in latest FY or 2 of last 3 FY's): $400k no requirement Pretax income (same constraints) : $750k no requirement Net tangible assets : $4M $12M Public float (shares) : 500k 1M Mkt value of float : $3M $15M Operating history : n/a 3 years Minimum bid price for stock : $5 $3 Number of market makers : 2 2 Number of shareholders : 400 400 Listing requirements for NASDAQ Small Cap: Total assets :$4M Total stockholder equity :$2M Public float :100,000 shares Mkt value of float :$1M # shareholders :300 Minimum bid price for stock :$3 # market makers :2 This information is from 1996 so it may have changed. Those that don't meet either of these requirements are the true "over the counter" stocks or are traded via pink sheets. These are generally very small companies, but sometimes large foreign companies trade in the US via this method because they don't want to conform to SEC disclosure requirements. As far as stops on NASDAQ NMS stocks, via E-Schwab, some can, some can't. Haven't gotten a clear answer on which can and which can't, but it appears to be related to trading volume. I've never had a "sorry, no stop orders allowed" message on a stock that trades over 100K shares, and I've used closing stops for both longs and shorts, AND opening stops for longs and shorts. In general though, most discount brokers will not allow a stop of any form or any duration for any NASDAQ stock. Most full service brokers will allow stops on anything; some monitor it personally, some are monitored by their trading desk. Commissions are higher, but its all relative. After you've been saved by a few stops, the higher commissions are gravy. dh