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Thursday, April 07, 2011 8:02:54 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.
Your credibility is going to negatively affected if you keep calling a spade a broom. A spade is a spade and a broom is a broom. Please use the proper terminolgy when you are talking about spades or brooms.
Remember...an investor that is sitting on the bid and willing to buy at the bid is giving the stock bid support. And an investor who sells shares at or below the bid is a bid whacker. You can call it what you want but it does not bring credibility to yourself or speak highly of your intelligence if you keep using the wrong terminology. Sometimes it is best to be quiet.
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