Since we are all in the education mode then here i
Post# of 1422
Posted On: 06/04/2013 12:11:15 AM
Since we are all in the education mode then here is a tip for folks reading the board. Buy and sell where YOU want to and be wary of folks always promoting buy at this price and sell at that price.
For one thing, the buyer is not controlling the purchase at the bid price...THe SELLER is controlling that transaction. For example if you put in a limit order to purchase UP to the ask price, your broker is required to get you the best priced shares available. So if a bidwhacker sells their shares using a limit order with the bid price as the lowest limit to sell then guess what?.. That transaction will show as a sell (red) and the BUYER has not bought at the ask even though they intended to.
If you buy an item at the store and when you take it to the counter and the clerk says, "those are on sale and are 10% off the marked price" do you argue and throw a fit to pay the full price? Ummm no.
It's actually very obvious whoever the seller was today that they were patient and calculating to not crush the bid and keep the pps stable while making as much profit as possible with the day's trading. Especially if they bought them below .01. Dumb ol' novices making a double in 3 trading sessions.
If folks really believe in the company then why does it even matter the details and volatility swings that this will incur? A true long believes it will go up over time so who cares how it gets there. The object of buying and selling stocks is to make the most $$$ as possible for your family's future.
DD22
For one thing, the buyer is not controlling the purchase at the bid price...THe SELLER is controlling that transaction. For example if you put in a limit order to purchase UP to the ask price, your broker is required to get you the best priced shares available. So if a bidwhacker sells their shares using a limit order with the bid price as the lowest limit to sell then guess what?.. That transaction will show as a sell (red) and the BUYER has not bought at the ask even though they intended to.
If you buy an item at the store and when you take it to the counter and the clerk says, "those are on sale and are 10% off the marked price" do you argue and throw a fit to pay the full price? Ummm no.
It's actually very obvious whoever the seller was today that they were patient and calculating to not crush the bid and keep the pps stable while making as much profit as possible with the day's trading. Especially if they bought them below .01. Dumb ol' novices making a double in 3 trading sessions.
If folks really believe in the company then why does it even matter the details and volatility swings that this will incur? A true long believes it will go up over time so who cares how it gets there. The object of buying and selling stocks is to make the most $$$ as possible for your family's future.
DD22
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