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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (2256)7/16/1998 11:07:00 PM
From: Brian Gross  Read Replies (1) | Respond to of 13094
 
OFF Topic:
Jim,
I was wondering if you could clear something up for me? The Bid size represents buyers in a stock, and the ask represents sellers! Lets say a stock has a size of 40 by 10. The Bid price is $10 and the ask is $10.25. I would interpret this as saying that somebody out in the market has an order to buy 4000 shares at $10 a share and another person has an order to sell 1000 shares at 10.25. Well the part I can't figure out is this; When you buy a stock you have to buy it at the ask, and when you sell a stock you have to sell it at the current bid. How do these orders get filled if the Bid and Ask never change? the reason I ask this is because I often see the lot sizes change throughout the day without the bid and ask ever changing. I have often placed a buy order at the bid price and never had it filled while hundreds of thousands of shares have traded hands. Sorry to bother you with these questions, but nobody I've talked to seems to understand this either. Thanks in advance!!

Brian



To: James Strauss who wrote (2256)7/17/1998 12:38:00 AM
From: Duke  Read Replies (2) | Respond to of 13094
 
Jim -- I've noticed a correlation, as you've pointed out, between the # of new 13s and the market's general direction. Yet numerous savvy posters on SI seem pretty cautious about the overall strength of the market from various TA perspectives -- not to mention on-going high valuations that may or may not be justified from a fundamental sense.

Your thoughts?

Duke