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Thursday, October 02, 2008 3:45:49 PM
Bid shows people wanting to buy in, ask shows people wanting to sell. Without people sitting on the bid, there would be no bid support. When you slap the ask you are buying the shares of whoever is selling. Also when you when you sit on the bid you get lucky sometimes and catch the shares of those jumping out in desperation. So, in other words the more people sitting on the bid the better since it should not fall below that easily unless of course you're in HKBV where the company appears to be enacting the "Dump" part of the "Pump and Dump" so therefore if you are on the bid here you are catching the companies shares:)
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