- Stock market trading with a computer will happen during class on
Monday, November 17, in McKenna 113, from 3pm to 3:45pm.
- We will meet in the regular classroom from 4:05pm to 5pm.
You will be able to place offers at the computers there, and then use a web
browser to see the results.
To make an offer, you need to click on each of the blanks, and then
fill in the information requested:
- your account number
- password
- click on a button to indicate whether you want to place an offer
to buy stock or to sell stock
- click on a button to indicate which of the four stocks you
are making the offer for
- enter the price at which you are making the offer
- enter the quantity (the number of shares which you are offering to
buy or sell)
-
Then click on the button that says "Make offer now" and the offer will be
sent.
On the list of offers, offers to buy are listed with the
largest price first.
Offers to sell are listed with the lowest
price first.
If two offers have the same price, they will be listed
in the order received.
Suppose you see someone is offering to sell 10 shares of apple
pie
for $30, and you wish to accept that offer, then you will enter an offer
to buy 10 shares of apple pie at $30. Then both your offers are combined
into one completed transaction.
Suppose two people enter offers at the same time: one person
offers to buy 10 shares of apple pie for $40; the other person offers
to sell 10 shares of apple pie for $30. In that case they will be
combined into one transaction with a price of $35.
Suppose one person offers to sell 10 shares at $30; another
person
puts in an offer buy 6 shares at $30. Then it becomes a completed
transaction with 6 shares at $30; the first person will still have an
outstanding offer to sell 4 shares at $30.
You may cancel an outstanding offer you have made.
You may not cancel a completed transaction.
The price entered must be between 20 and 200
The quantity entered must be between 1 and 50.
Both the price and quantity must be whole numbers.
All trades made on the computer system are public record--
that is, anyone in the class can see the trades you make. However,
the trades you made with the paper forms are not public record--
they will not appear on the computer system, and nobody else will
see the results of those trades.
Click here to see a sample of the computer screens from a previous quarter