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To: Sun Tzu who wrote (547)3/10/1999 7:58:00 PM
From: Michael & B.Anne  Read Replies (1) | Respond to of 10635
 
A technical question ... re: bid size and ask size

I recently downloaded an online program "medved quotetracker"
that that shows a lot of detail about a given stock for
that day. One thing it shows is Bid Size and Ask Size.

I had always assumed that Bid and Ask Size showed the ratio
of transactions based on the initiator either buying
or selling stock.

But on several occassions I have seen (for example)
as larger number for the Ask side than for the Bid
side ... and the stock has gone down. Possibly because
the Bidders were selling larger volumes.

But the truth is I do not really understand this metric
... nor what it might indicate.

I have visited this discussion group in the hope someone
might explain this to me.

thanking you in advance



To: Sun Tzu who wrote (547)3/11/1999 9:45:00 AM
From: Wren  Read Replies (1) | Respond to of 10635
 
You describe exactly what happened in 1973/74 with the Nifty Fifty. I had some retirement savings money in a pooled fund that was managed by what was at that time Wall Streets hottest firm. It owned mostly nifty fifty stocks. The fall was so deep that it took years for me to get back to my original investment.

Of course, there was an outside force (the energy crisis) that contributed to the fall at that time.