Eric Thompson
Joined: 25 Nov 2006
Posts: 148
Location: Angeles, Pampanga, Philippines
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 Posted: Sat Sep 15, 2007 7:44 pm Post subject: |
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Dear KejciorF, What is the 'new economy', in which shares are traded on the NASDAQ? Well... Let's first discuss the NASDAQ, a stock exchange that is much younger than the venerable New York Stock Exchange (NYSE). (I'm not nearly an expert.) NASDAQ trading is and has always been, I believe, done electronically, whereas the NYSE still has some old, manual trading practices. Perhaps, having a company's shares of stock traded on the NYSE is a lot more expensive than on the NASDAQ. So, newer, less asset-rich companies use the NASDAQ. Often, these companies are rich in new ideas, which are primarily based on 'technological' innovations. Thus they are Hi-Tech, which is the basis of the 'new economy'. OK?--Eric  |
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