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Alias Born | 05/05/2010 |
Sunday, October 16, 2011 1:00:28 AM
What the REAL problem is, is that there is no sense of urgency here. I was always real nervous being a bid-sitter because I was afraid that I'd miss out if news struck while I was waiting to get a order filled. I'd HATE that! But then, look what happened this week.... I don't think it was a mad investor dumping his shares, I think it was delution. 10 million shares changed hands at bid-minus-one. So of course people want that lower price. Those who were lower-than-bid sitters got a reward.
I've called myself a "newbie" many times, but can you believe that I have a friend who has recently started investing over 10 thousand dollars in the market (a little of it is here on my advice) and he STILL doesn't know what is a bid and what is a ask. I've explained it a couple of times, but it didn't stick. This person isn't dumb. He just doesn't get that involved in the market and just wants to look at his bottom line. I'm sure there are many others just like him. Now I sound like the 'expert' and he is the newbie.... HA!
Look at me... it's Saturday night and I'm typing a post. Gawd, I'm feeling old. please make me rich too!
Charlie
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