Hi Mrose, You should probably think of it as your
Post# of 17862
Hi Mrose,
You should probably think of it as your bid is the most you are willing to pay for the stock and the ask is the lowest price someone is willing to sell the stock for. When you bid .0001 and there is no one willing to sell their stock for .0001 your order will not fill. If someone is willing to sell their shares at .0001 the orders are filled in a first in first out manner (FIFO). For instance, I've had an order in since mid last week to buy 1 milly at .0001 and it has not been fillied either, but if someone decides to sell shares at .0001 my order will be filled before yours since you submitted your order just this week.
This is exactly why it's good to see such high quantities on the bid, which is a lower price, and lower quantities on the ask, which is at a higher price, because if someone wants the stock bad enough they may have to possibly wait their turn to have their orders filled at their ask, or they can purchase the stock immediately by paying the bid price. That's what we call 'slapping the ask". This is good because more people will see the stock trading at the higher price, and upward movement of the price per share (PPS) will occur. Sooner or later no one will be willing to sell their shares for .0002 and the lowest ask price, or immediate purcahse price, will be .0003. At that time the bid will be .0002 because people always want a bargain.
My feelings are that this stock is a bargain at either price (.0001 or .0002), but to each investor their own. With the tremendous 2014 outlook I think you will be happy with whatever decision you make. It really comes down to whether you want the stock now (pay .0002) or want to hold out and take the chance the stock will drop to .0001, but keep in mind that may take a "no bid" situation to occur which would put the ask at .0001.
Hope this helps.