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Re: theslybat post# 382

Wednesday, 04/13/2016 1:10:55 PM

Wednesday, April 13, 2016 1:10:55 PM

Post# of 4800
just buy the ask...frankly i don't think retail is able to put in the bids. Perhaps I'm making an assumption based on one conversion where. I'll have to look into it further. Perhaps I've been paying too much.

I'm still rather new to bonds myself. What I was told is that only dealers are able to put in the bid side.

I wish I bought more. The price has doubled in the past two days. The reason I don't is the lack of liquidity that is obvious. What I have to spend 12.9 to buy now I can only sell for 9.5, that a big spread. So when I'm in on the buy I'm there for the duration...all the way through BK or until repayment. So it's a commitment of capital to a security that is highly illiquid.
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