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Re: strongtower post# 220115

Thursday, 03/15/2007 8:46:58 AM

Thursday, March 15, 2007 8:46:58 AM

Post# of 315345
I don't want to argue that he has to buy at the bid...so he should buy at the bid.
But: he can only put an order at the bid, it takes a seller to fill the order.
So: sandy can only buy at the bid if someone sells the shares to him: MARKET RULES.
That's all I'm saying.
And this: Sandy's order does not get any preference over the other orders. Again: MARKET RULES.
So a buyback is waiting until you get filed at the bid. (if the bid-rule is true)