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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Linda L who wrote (34309)	4/16/1999 10:00:00 AM
From: SMALL FRY	Read Replies (1) \| Respond to of 120523

The bid is the lowest offer price a buyer is willing to buy a stock / ask is the opposite. If you were to place a market buy order you will normally get that stock at the sellers ask price... unless the best asked price volume is exhausted, at which time the MM fills you on the next best price(higher)available. Hope that clears it a bit. SF

To: Linda L who wrote (34309)	4/16/1999 10:00:00 AM
From: Joe Hoek	Read Replies (1) \| Respond to of 120523

Linda - you got it, depends on what side of the sale your on. You buy at the ask ( what they're asking for it ), and sell to them what they're bidding for it. That's the way I understand it anyway.... Quiet here again as people look at their portfolios and the "bargains" out there.... Seems to be turning around now at 10:00 hope this is IT. I'm not buying until things show continued upward movement.

To: Linda L who wrote (34309)	4/16/1999 10:17:00 AM
From: Scott	Read Replies (1) \| Respond to of 120523

Linda, As the others point out, the bid and ask are showing what current buyers and sellers are willing to pay/receive. But, you can make your own bid or ask, by either specifying a limit order in between the spread, or joining the current bid or ask. Sometimes you'll get filled, and other times you won't. For some of the stocks we play here, that swing 20 points in a day, it doesn't much matter whether you save that 1/8 or not. You're not going to catch a quickly rising stock by bidding inside the spread. And if you need to get out quickly, use a limit well below the current price, or a market order.