Replies to post #111465 on HUMBL Inc (HMBL)

[dukeb]

Say the last trade for HUMBL is at 8 cents. Bid is 6 cents and ask is 10 cents.

I want to get rid of my HUMBL shares so I put my shares on the 10 cent ask. My limit order sits unexecuted because no one wants to give me 10 cents a share...they only want to pay 6 cents.

You come along and place a buy limit order at 6 cents. Your order sits unexecuted because no one wants to sell at 6 cents...sellers want 10 cents.

Eventually I change my order and sell to you at 6 cents because I really want out.

The transaction is considered a sale because I capitulated and sold for the 6 cents that you would pay (the bid). If you had capitulated and bought at my 10 cent ask price, the transaction would be considered a buy.

Really?

Every order I put in I place under the ask…I’m definitely a buyer, pretty much a weekly buyer

[TenKay]

But your order isn’t filled until someone comes along and is willing to sell below the ask.

This isn’t hard. Think of a fence which has buyers with bids on one side and sellers with asks in the other side.

For a transaction to occur someone on one side has to climb the fence and agree with the person on the other side.

Those that have decided to sell into the bid have capitulated to the buyer’s demand, and those that buy on the ask have capitulated to the seller.

There has been A LOT more capitulation by sellers than buyers and the is why the stock is where it is at.

It’s simple supply and demand and for some time there has been more willing sellers at lower and lower prices.

This trend will continue because the Pref B holders appear to be very willing sellers all the way down. And there is about 2 BILLION more shares to go.

This has no bottom.