Comments on: The Bid, The Ask and The Market Maker Basics http://www.surefirepennystocks.com/2009/05/30/the-bid-the-ask-and-the-market-maker-basics/ free stock picks and resource of information Fri, 30 Sep 2011 08:26:36 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Penny Stocks Picker http://www.surefirepennystocks.com/2009/05/30/the-bid-the-ask-and-the-market-maker-basics/comment-page-1/#comment-191 Penny Stocks Picker Wed, 17 Jun 2009 01:02:19 +0000 http://www.surefirepennystocks.com/?p=614#comment-191 1) There are many level 2 quote system services available. Your broker probably offers the service (for a fee). You can also find free level 2 quote systems (usually 15 min delayed). Realtime level quotes is probably going to cost you a modest fee. I use Quotestream.com but you can do a google search and find many options. Make sure you find a level 2 system that provides you quotes on the exchanges you trade on (i.e. NASDAQ, OTC, Pink Sheets.....). Here is just one of many free Level 2. http://www.level2stockquotes.com/level-ii-quotes.html 2) The number after the bid/ask price is the # of shares offered up for sale/purchase. In the penny stocks it's common to see lot size of 5000. Some systems you may need to multiply the lot size by 100 to determine the actual lot size. The MM may have multiple lots available in that size. Checkout this site for more details: www.investopedia.com/articles/trading/06/Level2Quotes.asp 1) There are many level 2 quote system services available. Your broker probably offers the service (for a fee). You can also find free level 2 quote systems (usually 15 min delayed). Realtime level quotes is probably going to cost you a modest fee. I use Quotestream.com but you can do a google search and find many options. Make sure you find a level 2 system that provides you quotes on the exchanges you trade on (i.e. NASDAQ, OTC, Pink Sheets…..).

Here is just one of many free Level 2. http://www.level2stockquotes.com/level-ii-quotes.html

2) The number after the bid/ask price is the # of shares offered up for sale/purchase. In the penny stocks it’s common to see lot size of 5000. Some systems you may need to multiply the lot size by 100 to determine the actual lot size. The MM may have multiple lots available in that size.

Checkout this site for more details:

http://www.investopedia.com/articles/trading/06/Level2Quotes.asp

]]> By: Andrea http://www.surefirepennystocks.com/2009/05/30/the-bid-the-ask-and-the-market-maker-basics/comment-page-1/#comment-189 Andrea Tue, 16 Jun 2009 17:59:09 +0000 http://www.surefirepennystocks.com/?p=614#comment-189 This was very helpful. I have 2 questions though. How would I go about getting into a level 2 quote system, in other words, where can I find this? Also, what do the numbers mean after the bid and ask prices? This was very helpful. I have 2 questions though. How would I go about getting into a level 2 quote system, in other words, where can I find this? Also, what do the numbers mean after the bid and ask prices?

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