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Biotech / Medical : Biotransplant(BTRN) -- Ignore unavailable to you. Want to Upgrade?

To: scaram(o)uche who wrote (113)	10/8/1998 12:42:00 PM
From: Arthur Radley	Read Replies (1) \| Respond to of 1475

The issue of double report NASD stocks has always puzzled me and therefore I don't have a good answer. As for BTRN, it is apparent that this was probably one large holder that wanted out at any price, as the bid has already jumped back to 3/16th. A great entry price for whom ever picked up these shares at 1.00 IMO. The fundamentals of this company surely haven't changed over night and if anything with the new patent, they have been enhanced. At least we now will not have to listen to Greenspan "irrational exuberance" speech. New title.."Dumb Investor's Acting Irrationally by dumping good stocks".

To: scaram(o)uche who wrote (113)	10/8/1998 8:26:00 PM
From: Michael Greene	Respond to of 1475

I don't understand the "double reporting" that many mention as characteristic for NASDAQ The "double reporting" results from the typical way in which trades are executed on the NASDAQ. If you place a market order to buy 100 shares on a NYSE issue your buy order is crossed with a sell order and a trade of 100 shares is reported. If this were a NASDAQ issue your order would usually not be crossed with a sell order. The market maker would buy your order at the bid (for his own account) and he would sell at the ask (again for his own account) and report two trades of 100 shares each. Thus a 100 share trade between two individuals shows up as 200 shares of trading volume. This is also why you often do not get a trade when transactions are taking place slightly beyond your limit orders.