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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Richard James who wrote (3067)	5/20/1998 2:34:00 PM
From: steve goldman	Read Replies (2) \| Respond to of 4969

Richard, The inside market on the NYSE , the size, represents the number of bids/offers at the inside market. if its 50 x 100 that means 5000 bid for, 10000 offered, round lots of 100. ON the nasdaq, the size on most quote machines is not the cumulative bids of all bidders, but the largest single bid....so if 6 mm are bidding 1000 each and one is bidding 5000, it would be 5000. Atleast thats how my quotron screen handles it....different quote systems might be different...the 'size' on the nasdaq would be something like '2 x 1'...also, you could say there are 2 mm bidding a 1000 each, but you could try to sell the 2000, perhaps snet to each, 1000, and you might get nothing off if they step away. Also, you 4000k as partof the 12k....mm will be compeititve with inside market...if your firm routed order to a market maker who wasnt on thebid/offer (offer in your case), the firm might still wantthe flow, so they be competitive with inside market. Also if spread is large enough, you might look for pieces inbetween just before or after andyou can get an idea of what you could have gotten for your stock and the spread the mm made, or the mm to which the order was routed infact had stock to go and was pleased to see it go.... the latter not being such a good sign. Just curious, what did the stock do after you bot it...up or down? -Regards Steve@yamner.com