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Re: JaP5133 post# 135385

Tuesday, 04/16/2019 9:18:13 PM

Tuesday, April 16, 2019 9:18:13 PM

Post# of 205105
ARYC...You missed my point. Yes there is a buyer for a sell at ask, but it doesn't have to be like one of us...it is often a Market Maker whose job is to keep the market orderly...just like the 'specialists' on the big board. The are responsible also to keep a fair and orderly market moving. The don't have to wait for a buyer or seller, they keep an inventory of shares to fill orders if none of us have an order in to match an order. MM's and specialists work for the major houses and 'help' each other when they can't fill an order.....I spent years, before pc could do most of the work....when brokers had phone headsets on to free up both hands to handle the fast moving paper work from orders. My broker would quote me the bid and ask when I called in an order and he would tell me he might be able to do better...put me on hold and shopped around for a better price and usually fount one in about 30-60 seconds. lol...I didn't need no stink'n cash account...he said make sure you get the check in the mail so I get it before settlement date.....Lot changed since the 60's.
WE HAVE A REAL WINNER HERE...I HAD MORE THAN ENOUGH LOSSERS TO KNOW THE DIFFERENCE...LOL
ARYC
AJMO
TOM