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ClarkKant

06/19/12 6:06 AM

#4686 RE: Coz Mabluda #4685

Hey buddy, no problem at all.

2 ways to get shares. Either wait for someone to sell you shares at the bid or you buy them at the ask price.

If the bid is .007 and the ask is .009 (known as B/A), bid sitting means that you are trying (waiting) to get shares at .007 that someone is willing to sell at that pps. This is sometimes referred to as 'bid sitting' for shares. If the stock starts to move though, there may not be a lot of sellers at the current bid price.

If you 'ask slap' it means that you are purchasing shares at the .009 ask instead of waiting for shares at .007. When a stock starts to move it's because people are 'slapping' or buying at the ask price.

Bid Whacking is when someone sells shares at or below the current bid offer which in this example is .007. Often times when someone bid whacks, it can be at or below the bid price.

That's kind of it in a nutshell. :)