Allstocks.com's Bulletin Board: newbie question, need help

This is topic newbie question, need help in forum General Investing Topics at Allstocks.com's Bulletin Board.

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Posted by gainster on :

On level II quotes, what does lots mean, such as 50, how much does that translate to shares wise?

Posted by Bob Frey on :

It is supposed to be the actual number the MM has to buy or sell.

[ January 10, 2005, 11:28: Message edited by: Bob Frey ]

Posted by gainster on :

so, that means 50 shares? That doesn't seem right

Posted by glassman on :

itsnot.....they won't show you how many shares they have in MOST of the BB and pinks....

Posted by snappy on :

Gainster, just add two zeros to the lot size. So 50x50 means 5000x5000. Lot sizes of 5000. I am pretty sure this is correct.