quote:

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Originally posted by 1BigTip:
http://www.cafeshops.com/qbid.10898220

There was a saying that if you go walking your dog with a product your trying to sell, people will ask you for information on what it is.

Maybe we can use that strategy and attach something to stray dogs/cats roaming the streets. We can have a note that says, "get Q" or "QBID, stock of the year"

Theres a lot of stray animals!

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quote:

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Originally posted by Skendo:
BID
3 @ .0054
2 @ .0053
3 @ .0051

ASK
3 @ .0055
3 @ .0056
1 @ .0057

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quote:

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Originally posted by famtrecrew:
Could someone please tell me what these numbers mean.... i am a newbie.

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Its A trading service consisting of real-time access to the quotations of individual market makers registered in every Nasdaq listed security, as well as market makers' quotes in OTC Bulletin Board securities.

This allows you to watch the trades being executed right in front of you. Also known as Level II.

Read my next post

quote:

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Originally posted by famtrecrew:
Could someone please tell me what these numbers mean.... i am a newbie.

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Electronic Trading: The Role of a Market Maker

Market makers (sometimes referred to as "Ax") provide continuous bid and offer prices within a prescribed percentage spread for shares in which they are designated to make a market. There can be anywhere from 4 to 40 (or more) market makers for a particular stock depending on the average daily volume. The market makers play an important role in the secondary market as catalysts, particularly for enhancing stock liquidity and thus generally for promoting long-term growth the market.

Market makers must maintain continuous two-sided quotes (bid and ask) within a predefined spread. A market is created when the designated market maker quotes bids and offers over a period of time. They ensure there is a buyer for your sell order and a seller for your buy order at any time.

Once the market maker has entered a price, they are obligated to either buy or sell at least 1000 securities at that advertised price. Once the market maker has either bought or sold these shares they may then "leave the market" and enter a new bid or ask price to make a profit on their previous trade.

Let's say that a market maker has entered a sell order for Microsoft (MSFT) and the bid/ask is $65.25/$65.30. The market maker can try to sell shares of MSFT at $65.30, if they do, they can then turn around and enter a bid order to buy shares in MSFT. The market maker can bid higher or lower than the current bid of $65.25, if he/she enters a bid at $65.26 then a new market is created because their bid price is now the best bid. If the market maker attracts a seller at the new bid price of $65.26 then they have successfully "made the spread." The market maker sold 1000 shares at $65.30 and bought these shares back at $65.26. As a result, the market maker made $40 (1000 shares x 4 cents) on the difference between the two transactions. This might not seem like much, but doing this repeatedly with larger order sizes can provide lucrative profits. All day long market makers do this, providing liquidity to individual and institutional investors. The major risk for the market maker is the time elapsed between the two transactions, the faster they can make the spread the more money they can potentially make.

However, making money from the differences in bid and ask prices is not the only function of market makers. Their first priority is to provide liquidity to their own firm's clients, for which they will receive a commission. They may also facilitate trading for other brokerage firms, very similar to the specialist's duties.

quote:

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Originally posted by 1BigTip:
Made a correction on my last post. Heres more info on MM's which explain the L2's.

Electronic Trading: The Role of a Market Maker

Market makers (sometimes referred to as "Ax") provide continuous bid and offer prices within a prescribed percentage spread for shares in which they are designated to make a market. There can be anywhere from 4 to 40 (or more) market makers for a particular stock depending on the average daily volume. The market makers play an important role in the secondary market as catalysts, particularly for enhancing stock liquidity and thus generally for promoting long-term growth the market.

Market makers must maintain continuous two-sided quotes (bid and ask) within a predefined spread. A market is created when the designated market maker quotes bids and offers over a period of time. They ensure there is a buyer for your sell order and a seller for your buy order at any time.

Once the market maker has entered a price, they are obligated to either buy or sell at least 1000 securities at that advertised price. Once the market maker has either bought or sold these shares they may then "leave the market" and enter a new bid or ask price to make a profit on their previous trade.

Let's say that a market maker has entered a sell order for Microsoft (MSFT) and the bid/ask is $65.25/$65.30. The market maker can try to sell shares of MSFT at $65.30, if they do, they can then turn around and enter a bid order to buy shares in MSFT. The market maker can bid higher or lower than the current bid of $65.25, if he/she enters a bid at $65.26 then a new market is created because their bid price is now the best bid. If the market maker attracts a seller at the new bid price of $65.26 then they have successfully "made the spread." The market maker sold 1000 shares at $65.30 and bought these shares back at $65.26. As a result, the market maker made $40 (1000 shares x 4 cents) on the difference between the two transactions. This might not seem like much, but doing this repeatedly with larger order sizes can provide lucrative profits. All day long market makers do this, providing liquidity to individual and institutional investors. The major risk for the market maker is the time elapsed between the two transactions, the faster they can make the spread the more money they can potentially make.

However, making money from the differences in bid and ask prices is not the only function of market makers. Their first priority is to provide liquidity to their own firm's clients, for which they will receive a commission. They may also facilitate trading for other brokerage firms, very similar to the specialist's duties.

It should also be noted that market makers are required by law to give customers the best bid or ask price for each market order transaction. This ensures a fair and reasonable two-sided market. If these regulations were not in place, we would see customers getting gouged and share prices being much more volatile than they already are.

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Anyhow - When referring to "21 days and counting" - what is the scoop on that? I bought a lot of QBID shares yesterday (well I seriously doubt enough to become a millionaire...). this also seems to be one of the biggest threads going...so.....I am taking a chance - and just bought it.
Thanks-

Anyway, the 21 (sept 1st or there abouts)days and counting, well, that's the date that QTN is suppose to be available to subscribing audiences. RCN services big metro areas like Chicago, NY, D.C. and a few other big cities if I'm not mistaken...So we are ALL waiting to hear about the NY office which should be opening soon, and we're waiting to hear about advertisers (MONEY for Q) (laugh)

hope this helps a little.

quote:

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Originally posted by CRAZY:
I am also a newbie to all of this - I mean ALL of this. I happened to have retrieved a voicemail off of my boss' phone stating to buy M--g and in 3 days I made a little over $800 (I want to kick myself in the *&*& for not holding on until yesterday)- yet now I cannot stop - obsessive!

Anyhow - When referring to "21 days and counting" - what is the scoop on that? I bought a lot of QBID shares yesterday (well I seriously doubt enough to become a millionaire...). this also seems to be one of the biggest threads going...so.....I am taking a chance - and just bought it.
Thanks-

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Another question - I know this is the unknown and the name of the game, however if this all launches as expected (sooner the better) - what do some of you possibly see this moving to from .0055 or .0056 timewise?

I'm always conservative in my approach, but I know that we can easily go to 02...did it before, can do it again...this is the primary reason my goal is right around that point...

quote:

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Originally posted by sunny:
SEE!!!! I told you I would get into trouble!

LOL...going to play at park...see ya. (laugh)

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