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Stratey

10/24/08 5:03 PM

#10532 RE: The Rainmaker #10531

What's the bid at the close?
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greedy__malone

10/24/08 5:17 PM

#10536 RE: The Rainmaker #10531

The selling price and the buying price are two different numbers.

If the name of the game for brokers is to buy and sell stocks for a profit then you will buy stocks at a higher price you can sell them at.

Those brokers are selling shares for .0002 but they will only buy your shares for .0001 which is what the whole Bid/Ask scenerio represents.

All those brokers value their shares at the Ask(.0002) and they value the worth of your shares at the bid(.0001)




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snow

10/25/08 3:16 PM

#10746 RE: The Rainmaker #10531

The Rainmaker

The value of a stock is what you can sell it for. That is normally the bid.