To: D. Swiss who wrote (111083 ) 3/23/1999 12:22:00 PM From: Mohan Marette Read Replies (1) | Respond to of 176387
How the big boys do it. Drew: Here is the explanation as to how to read the various indicators given at the site (http://www.thomsoninvest.net/iwatch/cgi-bin/iw_page ),looks like these are the big boys we are talking about here not 'Joe-sixp-acks' like us putting in a limit or market order for a few shares.Interest Messages: These messages serve as a way for broker/dealers to send real-time indications of interest to buy or sell securities. Interest messages are not binding, but merely offer an indication of which broker/dealers are actively seeking to trade a stock. Generally, the messages serve as means for the broker/dealers to say to institutional investors, "Give me a call and we'll talk about a trade." Super Messages: "Supers" offer a more explicit medium for broker/dealers to advertise their interest in trading a stock. In a Super message, broker/dealers specify the exact price and size of stock they want to trade, as well as whether they are interested in buying or selling the security. Because Supers require a minimum volume of 25,000 shares, they offer a unique opportunity to gauge the interest of institutional investors. Due to the specific nature of these messages and the fast pace of changes in the marketplace, Supers have a short shelf-life and offer only a small glimpse of the total market for a security. Message Indicator: Each triangle represents a bid or sell offer from a broker as indicated via an AutEx Super Message. The blue triangles represent bid offers while the red triangles represent sell offers. The size of the triangle indicates the relative size of the number of shares the broker has advertised to buy or sell - the larger the triangle, the larger the volume of shares that the broker is committed to trading. thomsoninvest.net