very well stated .. 4kids I'm not going to
Post# of 72440
4kids
Quote:
I'm not going to go into this discussion again. anyone who is interested can go back and read the examples I gave before.
When you go in at the ask in a slow market, the stock is shorted to you and covered at a lower price. This is what market makers do.
When you put in a low-priced bid underneath the ask, you may get filled and you may not. But, it prevents the market makers from just shorting it to you.
Large orders underneath the ask support the stock price. When there is some kind of news that takes the stock price up, that's the time to buy near the ask. When all you are doing by buying at the ask when there is NO buying pressure, you are enriching the market makers and hurting the stock, because your money has been used up and now there is no bid underneath it to support the stock.
We've been through this before. I for one don't feel like putting a target on my back and money in the pocket of the market makers and shorts. If they want to give me stock at lowball prices, great. I've acquired plenty of shares at a lowball bid.
But I WILL NOT be a SUCKER.