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To: Sequoia Holdings who wrote (602)9/23/1998 7:13:00 PM
From: DADEPFAN  Read Replies (1) | Respond to of 1754
 
Please excuse my ignorance, I'm new at this.

Doesn't every transaction consist of a buy and a sell? How do you define which it is, whether it goes at the ask or bid price? Or, does the transactions occur between us peons and brokers/MM's, instead of between two peons?

As you can see - I'm clueless in Seattle :-)

If you got a couple minutes, please educate me.

Dave D