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Thursday, July 29, 2010 5:39:38 PM
Please allow uncle bardamus to inject my .02 on your post.
Any time a LONG can pick up shares for cheap - you congratulate
them and hell, buy them a beer if you can.
I know if feels good to "slap that ask" but aiming your buys
at the bid ain't such a bad thing. Where's the shame in it? In WAR, are you gonna go out charging the enemy?
Fight/Trade/Invest smart so you can stay alive
and keep doing it.
A HUGE buy order of say 100K at the BID....sellers see that and do you really think they want to make contact at that price? - HELL NO. If enough cannons did this - then well,
it would raise the bid, no?
Sure, slap the ask....but I'm cool if you play chicken with them and make them RAISE THE BID or just don't drop the bid.
-bardamus
I hate for my first post on this board to be negative but you saved $550 by bid-wacking and drove the pps down. Maybe if you bought at the ask the pps would have gone up .005 and you would have made $3500
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