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Re: Alex Beam column
- Subject: Re: Alex Beam column
- From: Mark Shneyder <firstname.lastname@example.org>
- Date: Sun, 6 Jun 1999 20:03:44 -0700 (PDT)
- --- Dan Strassberg <email@example.com> wrote:
> Salem's new ticker symbol will be SLC. I had always thought that
> three-letter ticker symbols were reserved for companies listed on the NYSE.
One,two and three-letter symbols are NYSE and ASE. Four and five are
> An NYSE listing would suggest that the company is in better financial shape
> than Mark suggests.
Choosing to sell on NYSE or Nasdaq, doesn't have much to do
with the company's standing. It's just different methods
to buy and sell stocks. On NYSE -- it's a bidding auction
where you buy directly from another investor. On Nasdaq,
you shop around on an electronic communication
system and buy from a broker who's got the
best deal. For a first-time seller like Salem,
NYSE is probably the best and less riskier option to raise much
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