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To: DADEPFAN who wrote (603)	9/23/1998 11:17:00 PM
From: Robert Ague	Read Replies (1) \| Respond to of 1754

Maybe I can get this right: Every transaction has a buy and a sell side. Let's say the last trade was at 0.75. The current bid, what someone is willing to pay is 0.70, the current ask, what someone wants to sell at is 0.77. Now suppose someone has an order to buy at the bid. The Market Makers, at the close, fill the order. Well, the sell was at 0.70, 0.05 below the last trade. The stock shows a downtick, or maybe a loss for the day, just because they wanted to make the sale. The common joe sees a loss, whereas, only one order brought it down. Since the sale was at the bid, the lower price, it is seen as closing at the bid, or on a sale. The reverse is true for the ask. Let's say someone gives in and buys at market at the close. They buy at the ask, the price quickly jumps on the uptick, implying strength, or a buy. Is all that right? Rob