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Re: Uncle Meatball post# 8235

Sunday, 12/02/2007 10:05:11 PM

Sunday, December 02, 2007 10:05:11 PM

Post# of 137667
Uncle meatball. hope youre getting around better! I know you have been sufferin horribly..

The buy/sels is bullshit IMO. I sold and bought some stocks frday and checked whetehr they registered as buys or sells and they showed up wrong.

Basically if the transaction takes place AT the ask, its considered a buy. if its otherwise, its considered a sell.
so if the bid is .12 and the ask is .13 and the buy order gets filled at .12, its considered a sell because it took place at the bid. It only make sense because the sell pressure was greater than the buy pressure so a MM filled you at the bid so the sold their shares.

In a declining price like this was friday, the ask kept getting lowered so the transactions showed up as buys. The MM's felt comfortable "buying" your shares at the ask.

Not sure how else to explain it.