Thursday, September 08, 2011 9:30:15 AM
You may recall a couple of weeks ago someone posted that if Bob did a buyback he would conduct it at the Bid and the stock price wouldn't increase much. I would agree that buying at the Bid could result in a much smaller increase in stock price. However, another poster responded and said all buybacks have to be at the Ask. (I don't know if that particular statement is correct). So what I was searching for is a way to identify someone buying at the Bid.
There appears to have been an increase in Bid sitting (a.k.a. Bid support) the last 3 or so days. Perhaps there is no way to track buys at the Ask versus buys at the Bid at the end of the day other than to just keep an eye on the Bid sitting numbers.
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