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Monday, May 09, 2011 11:30:38 AM
Now someone walks up to the one of the stands and says "Hey I want some shares of SNRS and I will pay .0001 for them." We now have someone BUYING AT THE ASK. After that transaction there are still stands open offering the shares for .ooo1 so back to no bid.
Now all of a sudden 20 people show up all wanting shares. The first 10 buy the shares the stand have for sale and the other ten are pissed because they want shares too. The are all yelling they want shares for .0001 and the stands all raise the price to .0002. We now have a Bid of .0001 and an ask of .0002. If one stand owner says screw it and sells for .0001 then he SOLD AT THE BID. If one of the buyers said screw it and bought at .0002 then he BOUGHT AT THE ASK.
Now remember we are dealing with SNRS so in the end we will all get screwed.
Everything in the post is opinion and not to be considered fact.
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