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Re: loanranger post# 306963

Wednesday, 06/17/2020 10:04:07 PM

Wednesday, June 17, 2020 10:04:07 PM

Post# of 312015
Instead of paying the current ASK price for shares.....a bid sitter enters a number either at the current BID price.....or in many cases an even lower BID price than the current price.....

.....and then sits hoping the share price eventually falls to that level so they can 'scoop up cheapies'.

The hilarious part is it is completely batshit to try and force the share price of a company, you supposedly believe in ,DOWN to increase the amount of their position.

Instead of in most cases just paying fractions of a cent more per share.

The tactic keeps POS illiquid penny stocks from rarely seeing price appreciation.

Oh.....and bidwetters is the same thing if you ever hear the term.