Tuesday, March 29, 2011 8:57:08 PM
A slang term for an investor who sells shares at or below the bid price. This is considered outside the norm, as sellers normally settle for a price between the bid and ask quotes.
Investopedia explains Bid Whacker:
The person is said to "whack the bid down", since selling at or below the bid will usually lower future bids. Bid whacking usually perturbs other sellers, since it may temporarily drive down the market price of a security.
Bid support?? No need to twist the terminology there. Support means: to prop up, base, to back or assist, to hold up or serve as a foundation. What he is doing is supporting the bid so that it can form a base and serve as a foundation.
I hope no one on this board is a bid whacker. Maybe you are the bid whacker! Could be the reason this stock is floundering.
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