Replies to post #7412 on Sustainable Green Team Ltd. (SGTM)

[eyeamgame]

If you want to sell stock you must sell at the bid.

If you want to buy stock you have to buy at the ask.

That is the way it works in a healthy market.

The bid is the price MM's are willing to pay for a stock and the ask is what they are willing to sell it at.

That is their spread and how they are able to make money.

They will place and fill orders from their customers as well especially in regards to brokers.

Any available shares at the bid are usually scooped up by MM's as the price has hit their strike price.

eye

[bikeguy]

I have funds clearing for tomorows trading. If I can buy sgcp at .005 or less I will accumulate more. If not I will add to my positions in other stocks. If you can buy SGCP on the lower end of this channel for the last few months, IMHO, .004-.006 is a great deal, and .006-.01 is still a good deal.

I don't have much experience selling at the ask of a pinky penny, someone else here may though.

[the cork]

I think eye summed it up pretty well, however just to amplify a point, you have a degree of surety with the bid and the ask.

You KNOW you can always buy and the ask.
You KNOW you can always sell at the bid.

Those aren't always the prices you want to do either at, but you know with surety you can get the buy or the sell job done at those prices.

If you put a sell order in above the ask, or a buy order in below the bid, you are relying on the volume of trade in that particular security to fluctuate the bid or ask up or down into the range you preset for either operation.

If you put a buy order in above the stated bid, you become the new high bid and if any order is to be filled below the ask, your high bid order "should" be the one. This example, since it lacks the "surety factor" of placing your order at the ask, has no guarantee of being filled (but might be).

BTW I agree with your assessment of the risk to benefit ratio here, the upside of the metamorphosis from exploration stage miner to production stage miner is exciting...and profitable! Good luck, and all the best.

GLTA !!

[lc45]

MYT, One thing to keep in mind here in pinky land; it is supposedly different here than the big boards because the MMs don't have to show any bids or asks that they don't want too. I saw that happen on the big boards too, but here it happens all of the time. Manipulation, plane and simple.
I bought some sgcp last week, and my orders were placed at just a bit above the ask. That's an easy way to guarantee you have the best chance of getting whatever shares are traded. Each order took well over an hour to fill, and filled at a lower price than the ask. I didn't pay what I bid for either share, but I paid more than the listed bid. And the streamer bid and ask prices never changed to reflect my order, or it being filled. You figure that out. I ended up calling ST to see why my bid wasn't being shown, and the orders not filling. IMO the MMs wanted to lower the price to accumulate, and weren't going to let my buy efforts mess up their plans. I don't know if that call had anything to do with my getting filled or not, or the prices I paid. Point is, just don't get the idea that trading here will work the same way all the time, or as it appears on the streamers. If the MMs have an agenda, your order might get filled, and might not, or might fill, but never show up on the streamer. I didn't have L2 up, so don't know if it showed up there. GLTY LC