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Re: Us3rN4m3 post# 12128

Saturday, 04/01/2017 3:19:24 PM

Saturday, April 01, 2017 3:19:24 PM

Post# of 13983
Oh yeah, thanks for the tip. I forgot that if a stock had 99% buys at the ask, and people were bid sitting, that the price would still go up. What happened to the bid sitters? Oh yeah, nothing. They missed out. In a case like this, where the spread is wide, BUT 99% of the buys are at the ask, then the bid means NOTHING. Smart money slapped the ask because they knew the bid would get them nowhere as the price increased.