Georgia Bard's Corner Message Board

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Pastimes : Georgia Bard's Corner

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To: Ga Bard who wrote (7534)	11/23/1999 8:41:00 AM
From: Ga Bard	of 9440

Gary, I never saw the bid on UNDY go to .75, could you point me to when this happened? The bid hit .75 @ 10:54 AM Yesterday morning and the ask was also .75. When it hit .75, 2 - 5000 blocks went off which was the bid size at the time. :-) This is why you make limit orders to sell into the buying. Sometimes when the buying causes the ask to reach your limit order they will sometimes take the bid up and take those shares. Sometimes they do not raise the bid but infact just take your order at the ask to start the selling trend. Happens all the time. By taking those shares the selling trend has begun and they begin taking sells. After the 2 - 5000 went off the bid dropped immediately back to .71 @ 10:56 AM. The same can happen on the down side. You can place an order in a not so heavy market at the bid for a buy and you can actually get it and it starts the buying trend which causes the price to uptick. People that accumualte in what I refer to as the sleeping period do exactly that with limit orders. If they fill fine if they don't then that's ok too. :-) Gary

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