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Tuesday, June 09, 2009 1:08:33 PM
I do not believe in artificial movements, a healthy stock should move on its own. Buying on the ask should be a result of movement not a reason. You should buy on the ask because there's a high demand that you can not buy on the bid and the stock is moving up. In long-term trades, such small pushes are wrong because the price will get up and down after you buy and the effect of your trade would be negligible over weeks.
Also it's not right to be able to buy on the bid then pay more money for something that you could've got cheaper, IMO, this is totally wrong. If the price is not moving up by itself (by demand) then you won't be the one who moves it and if many traders organized ask buys to push the price up then it will instantly fall after they get out of funds and buy all they could. Actually they will fool themselves because they will keep chasing the price amongst themselves and pushing up, buying high, then it drops back again. This is someone fooling himself.
If you can buy it on the bid then absolutely do so.
Your money, your decisions.
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