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JR30

07/18/19 8:16 PM

#22022 RE: Pharaoh-1 #22020

I hit the ask when I bought today. I know you're not necessarily talking about me, but I did not bid sit. There were times when the bid & ask were only $0.002 or less apart. Not a big difference at that point whether one hits the bid or ask, but hitting the ask puts pressure on the SP to go up.
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AC7880

07/18/19 8:17 PM

#22023 RE: Pharaoh-1 #22020

Buy, sell, or hold. Those are the choices.




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AC7880

07/18/19 9:02 PM

#22028 RE: Pharaoh-1 #22020

My goal in investing is not to have my trades fit in neat little buy/sell boxes for people on the sidelines to examine.

My goal is to accumulate shares at the lowest possible PPS. So I "usually" bid sit. Been doing it since 2009.

The end result? Whether I hit the ask, or I bid sit and get shares, my account grows in the number of shares I own - and at a lower PPS.

What pretty little buy/sell box does it go into? I simply don't care. No one should care if the goal is to accumulate shares.

At the end of the day, no matter which pretty little red or green box shares traded ended up in, total shares bought and sold will nearly always match up numerically.

The sold shares may be new dilution entering, or may be retail. But buys and sells match share for share.

No, not the pretty little pictures. The actual real world shares. Artificially pushing buy and sold into boxes makes little real world difference overall.