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Snook

12/23/09 2:54 PM

#108100 RE: satelliteguy #108097

I agree. In the long run, if a trader is to strictly buy at the ask they are excluding themselves a fair amount of profit over the course of a year or career in trading.

For the sake of moving the pps upward, I will buy at the ask... however my initial position will almost always be established below the ask.
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The Dean

12/23/09 3:09 PM

#108103 RE: satelliteguy #108097

If the ask is .029 and the bid is .021, and one wants to buy 100k shares, clearly it's not just pinching pennies. It's an $800 difference in price if it executes.

Either way, share supply is coming down and if demand continues, the pps will move. IMO