This is why I've been preaching the best thing to do when buying if you want to help the share price go up, is to buy on the BID, but a hair lower than the ask price...
Usually that will be the LAST price if you do it right, or it'll even be ABOVE the LAST price, but more importantly it builds a support wall to resist anyone else buying the BID by absorbing any seller's selling to the BID (which in turn are your buys) and it forces others who want to buy on the BID to compete with your BID... And creates competition for the BID, closes the spread between the ASK and the BID, gives if nothing else the illusion that the BID price reflects an uptrending stock...
Buying at the ASK has an immediate effect as it would typically (but not always) cause the stock share price to go up as the ASK is usually above the LAST price (not always though)... HOWEVER, the effect this will have can be short lived if someone else after you buys off the BID, dropping the price...
That's why buying at the BID a hair below the ASK is optimal because it helps raise the price even when sellers sell to the BID (you)...
The only down side is, if the stock takes off on a dime, you will have to chase it...
That and by buying at the ASK or a hair below the ASK on the BID, you pass up a chance for a greater deal or a lower purchase price (which equates to more stocks that could have been purchased) in exchange to raise the stock price.... If you sat lower on the BID, you MIGHT get filled at a lower price, but that'll also drop the LAST price too...
So it's up to your intentions and whats important to you... Sometimes painting the stock green is short term and you passed up a cheaper thus greater position for something temporary thus a wasted effort.... And sometimes it helps... It ESPECIALLY helps when you have a large wall IE buying with a massive amount of money.... The larger the wall, it kind of helps intimidate buyers/sellers (especially manipulators and shorters) from making an unwanted move...
I'd never tell anyone how to invest or spend their money, but my goal is to explain the craft...
In today's case, Pinch One did this, and you see it worked beautifully.... consequently, inch One bought many share at a higher price then he had to probably, thus got less shares for his money, but now the share price per share is higher... Will it hold? Was it worth it? Time will tell... But the board appreciates it!!! And if it holds, Pinch One does benefit from the higher share price, though that price is inevitably going up anyways at some point... So, your call to make!!!
