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To: epicure who wrote (54383)	9/30/1998 5:19:00 PM
From: HairBall	Respond to of 58727

NYSE definition of Tick: The tick is the direction in which the price of a stock moved on its last sale. An up-tick means the last trade was at a higher price than the one before it and a down-tick means the last sale price was lower than the one before it. A zero-plus tick means the transaction was at the same price as the one before, but still higher than the nearest preceding different price. -------------------------------------------- The TICK as watched as an exchange indicator is a computation (+/- tick) of all the stocks on a given exchange during a given time period. Note: An up tick can be from a large or small price move. The reverse is true for a down tick. Regards, LG