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Topic: newbie question, need help

Jonathanlb8
Member

Rate Member

posted

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

Posts: 839 | From: Lynn, MA | Registered: Jan 2005 | IP: Logged |

Bob Frey
Member

Member Rated:

posted

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 ]

Posts: 3417 | From: Cleveland, Ohio | Registered: Jan 2000 | IP: Logged |

Jonathanlb8
Member

Rate Member

posted

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

Posts: 839 | From: Lynn, MA | Registered: Jan 2005 | IP: Logged |

glassman
Member

posted

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

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Don't envy the happiness of those who live in a fool's paradise.

Posts: 36378 | From: USA | Registered: Sep 2003 | IP: Logged |

snappy
Member

Rate Member

posted

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

Posts: 20 | Registered: Dec 2004 | IP: Logged |

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