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To: Kenny Low who wrote (3178)4/8/1998 1:17:00 AM
From: grw5  Respond to of 6654
 
>>Trading 101 says for every buy there must be a sell. There must be someone else willing to sell you X number of shares to match your X number buy. Unless you enter a market order, the chances of your order matching exactly that of another's is possible, but not likely in a BB stock.<<

Not precisely true with BBs and NASDAQ. Since MMs hold inventories of stock a shareholder doesn't have to make a sale in order for another shareholder to buy... and the reverse, also. Generally though unless MMs are flush with stock you won't get one below the ask and you won't get a sell above the bid unless they are short on inventory.

Best,
George



To: Kenny Low who wrote (3178)4/8/1998 1:27:00 AM
From: Milk  Respond to of 6654
 
NASDAQ is a dealer market, most of the trades are not matched between a buyer and a seller.<eom>