SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CMGI What is the latest news on this stock?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jonathan Brown who wrote (324)4/12/1998 8:53:00 PM
From: Elroy Jetson   of 19700
 
The Bid/Ask spread is often wide on many stocks. Limit orders are the appropriate tool to use in this case.

I have usually found that if a stock is quoted at 25 bid and 26.125 ask, I can place a limit order to buy a thousand shares at say 25.25 and get the order filled after five minutes or so, likewise a limit order to sell at 25 will usually get filled in a five minute period.

Placing a limit order makes you a "market maker" at that price up to the limit of the shares in your order. If you wanted to buy or sell 10,000 shares rather than 1,000 I suspect you may find the same results but over a period of time much longer than 5 minutes.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News