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Message: Bid/Ask

Re: Bid/Ask top-pic

in response to by
posted on Oct 08, 2008 09:43AM

You misunderstood my comment regarding bid/ask in that I was saying that the posted bid/ask and related trading was a farce.For example,when the PRB ask is 17 and the bid is 14 who is selling @ 13? One trading house,let's just use TD for example,could trade itself x,000 shares at any price it chooses.If that price is below the posted bids it would give the illusion that the sp is losing ground.Do it again at a lower price and so on and some investors will head for the exits giving up their shares at the artificially lower price.Who wins,TD of course if they happen to be waiting for those weak hands to let go.Did you ever try to buy the shares at a price lower than the current bid?No,because you can't. Those prices aren't available to you and me.That trading is a "head fake" pure and simple,IMO.

cs.

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