Replies to post #199290 on Wave Systems Corp. (fka WAVXQ)

[muenchen]

Weby/OKNPV

Many thanks for your replies. Appreciated.

ps I like the idea of a possible imminent announcement. Steven advised of between 5 and 10 deals that could close by the year end - a number of these being worth several $ million. That was some while ago and we have to be due an announcement.

Hamster

(no idea why my handle still shown as Muenchen - I can't get to grips with all this technology!)

[player1234]

Weby - A couple of edits on your post. A market-on-close (MOC) order is not always executed at the "best price possible within the day's closing price range" on NASDAQ. Since Nasdaq is a consolidation of markets, one market may have better or worse prices than another. MOC orders are "market" orders and therefore have the same risk as other "market" orders. Sometimes the order execution is good, sometimes not.

With Nasdaq you also have the consolidated closing price numbers which always pop up a few seconds after 4PM NY time. These may or may not be the same as the initial numbers reported by Nasdaq in NY (Times Square) because they include all the Nasdaq markets. During the day these flow into the main quote stream but are noticable at the close.

[tkc]

Hi Weby, as I posted following those millions of shares traded at the close of the Russell rebalance, those were "market at close" orders. Most mutual funds buy or sell shares w/ "market at close" orders simply because thier investors are only allowed to buy or sell their fund at the "closing" price. That keeps the risk out of the transactions. Their buyers buy at the same price the fund does; their sellers sell at the same price the fund does. That always insures NAV (net asset value) is the same for buyers and sellers and leaves the fund risk free on each transaction. It's very fair. Now ETFs (Exchange Tranded Funds) which mimic almost all funds (especially index funds) can buy and sell all day. Which BTW have lower management fees. The ability to buy or sell an ETF all day coupled w/ their generally lower fees have made them the preferred investment over most mutual funds. I'm sure you knew this but posted for others who may not have.