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Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?


To: Richard Spitzer who wrote (10077)3/1/1999 12:23:00 PM
From: David Howe  Read Replies (1) | Respond to of 14266
 
No, you've got it backwards. If you look at your screen and see 10 on the ask and 10 on the bid then you have an equal number of shares for sale at the ask and willing to be bought at the bid. (The numbers are in 100s, so a 10 would indicate that 1,000 shares are on the bid and ask)

Let's say that I enter an order to sell 5,000 shares at the ask. The 10 will change to a 60 (my 5,000 SHARES is shown as 50). It increased because I've put my shares up for sale at the ask.

It's not good to see a high ask number and a low bid number. That means that there's a lot more sellers than buyers.

Of course as someone mentioned, there could be a large bidder just below the current bid. Unless you have level II you won't be able to determine what sits beyond the current bid and ask.

Dave