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Re: cjstocksup post# 7637

Friday, 09/07/2018 1:01:21 AM

Friday, September 07, 2018 1:01:21 AM

Post# of 30459
The importance of supporting your investment with bids.

I know you’re not a fan of bidders, as you’ve preached the importance of buying the ask.

However, today bid support played a valuable role in pushing the price higher.

Bids are a great way to support an established position.

I hold a relatively sizable position and had a 200K share bid that I moved up several times in tandem with the rising share price.

It was not my intention to buy more, but rather use bids to support my established position and apply pressure in an indirect way.

If people have funds available, but aren’t necessarily looking to add more to their position, keep in mind the importance of supporting your current position with bid support during a bull run, as it plays just as valuable a role as slapping the ask.

Go CANB
Rec
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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