Native American Energy Group Inc. (fka NAGP)

[Recognizer]

Posted by: Stock Analyzer
In reply to: Stock Analyzer who wrote msg# 36119 Date:6/7/2007 8:31:51 PM
Post #of 36546

**The ART of SELLING ON THE ASK**

As long as I am talking about this I my as well tell everyone. 99% of the time I SELL AT THE ASKING PRICE. So if I buy a stock at .04 for example on the current ask, I will wait for the stock to start moving up and as it moves up I will SELL on the ask. For example, if I buy a stock that is .039 bid by /.04 ask and I buy at .04 ask and the stock starts moving up. The bids move up to .046 and the ask moves to .047, once the .047s start getting hit I will put in my sell at .047 ASKING price and will allow another buyer to BUY MY SHARES from me......OR... I will buy at .04 and then set my sell to .047 right away so it does not all of a sudden create a "WALL" on the ask when I put my sell order in at the last second (I can change the sell order in according to how the stock moves up or down)

This is always my attempt. If people just sell on the BID price then the stock will surely tumble and lose strength. Selling on the ask helps allow the stock to keep moving up with out taking out the BUYERS on the bid to help support the stock