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Re: StarterKit post# 69964

Friday, 05/15/2009 7:41:59 PM

Friday, May 15, 2009 7:41:59 PM

Post# of 289427
StarterKit, you talk as if choosing to buy at bid 4 instead of ask 5 or 6 is what brought the price down. Remember a week ago, people wanted even to buy at same bid 4 or even bid 5 later but could not and only buying at the ask was the way to get any shares. Didn't they want to buy at the bid of 4 or 5 then too? Of course they wanted to but their only choice then was the ask, the stock was simply not buyable at the bid. If a stock is good and trading normally under such conditions (good fundamentals and volume and fresh good news) it would be bought mostly at the ask and pushed higher (not even stay at the same level) and whoever wants to buy at the bid would simply not get be able to buy.

My friend, I can not see this as price drop due to buying at bid but rather buying at bid due to something fishy.

Your money, your decisions.