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.

Biotech / Medical : VVUS: VIVUS INC. (NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: DJordan who wrote (10641)	7/7/1998 1:03:00 PM
From: Mkilloran	Read Replies (2) \| Respond to of 23519

djordan...uote.com doesn't have enough detail for your question...think you would need a level II service.... Think Alientech can answer your question...send him a message

To: DJordan who wrote (10641)	7/7/1998 2:21:00 PM
From: VLAD	Read Replies (1) \| Respond to of 23519

DJ, You can't tell even on a Level 2 screen. The mms can short on downticks--just goes to show who runs the show.

To: DJordan who wrote (10641)	7/7/1998 4:49:00 PM
From: AlienTech	Read Replies (1) \| Respond to of 23519

First of, lets start with the fact that we are talking nasdaq and transactions occur through market makers. Now if the tock is 9 x 9 1/4..and the 9 is a DOWNBID, no you cannot sell it there. If the firm wanted to , they could offer your stock at 9 1/16 or 1/8 (which is what I would do for clients) and wait for an upbid greater than your limit... if stock fell to 8 3/4 to 9 1/8....still all prints, long sales hitting the bid, you would not be filled yet, you can always try offering stock at 9 but no guarantee..you need an active buyer to take your stock rather than YOU actively hitting thebid. Now lets say is edges up and not becomes 9 to 9 1/8...NOW you could smack thebid, its an upbid. short sales are very complex but not overly so. It is also important to distinguish between the nasdaq upbid and the nyse uptick rules. When I get back from vacation I would be glad to discuss it in greater detail. Please see the nasd and nasdr.com and nasdaqtrader.com in the meantime. Regards, Steve@yamner.com exchange2000.com