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griff100

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griff100

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Re: guaranasa post# 17285

Friday, 03/10/2006 11:51:25 AM

Friday, March 10, 2006 11:51:25 AM

Post# of 44374
.01 and .99 are used on the bid/ask to get in slightly ahead of current bid (say 3.3501 vs 3.35) and under the current ask ( 3.3499 vs 3.35( to help your trade have a better chance of being filled.
I use that strategy quite often on prices under $1, but, as you stated....we retailers don't have the ability to do that on higher priced shares.
Maybe institutions/retailers with paid for tradinf platforms do?
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