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Microcap & Penny Stocks : International Internet (IINN) -- Ignore unavailable to you. Want to Upgrade?

To: Lance Viscioni who wrote (362)	1/29/1999 6:02:00 PM
From: OFW	Read Replies (2) \| Respond to of 746

How to read the Level II Listing: Level II MM lineups show each MM currently trading the stock and their individual bid and ask prices. The highest bid among the market makers is the bid quoted for the stock and the lowest ask is the ask quoted. 1. The four letter column is merely a code to indicate the MM. 2. The Bid is the price at which that MM is willing to buy. 3. The Ask is the price at which that MM is willing to sell. 4. The BidxAsk is the size of the lots quoted by the MM. 25x5 would indicate 2500 shares available on the bid and 500 shares on the ask. (For ININ all sizes are 5000 shares). 5. Date and Time represent that last time at which that MM reposted their prices. 6. Phone Number of the MM. 7. Indicators - I'll leave this one for someone smarter than I. The importance of Level II is that is shows you the depth below each of the quoted bid and ask prices. For ININ, you'll see two MM on the ask at .079 , one at .080 and then three at .085. Once the two MMs have sold all the stock they wish to at .079, the ask will then move to .080. Once that MM has sold their shares, the price will move to .085. The same is true on the bid side. There are two at .074, one at .073 and two at .070. If the two at .074 buy all of the stock they want at .074, the bid would drop to .073 and then to .070. Of course, MMs are constantly revising their prices so it is never that simple. Most successful daytraders swear by Level II as it give them the information they need to know when to buy and sell. Offie