Glen,
Bid is the best price a person or entity is willing/quoting to pay for stock at the moment. The size is the number of shares bid for. The same holds for the offer.
Thus if a stock is 10 to 10 1/2, 20 x 50, it is bid 10, 2000 shares bid for and offered at 10 1/2, 5000 offered.
Taken statically, you could say that the stock is "relatively weak", the 10 bid to the 10 1/2 offer. But this is a dynamic look at the stock. Lets say the stock was just 9 3/4 to 10 1/4, 20x800. Lets say the next print was someone buying the whol 80,000 shares at 1/4, everything at 3/8 and then moved her bid up to 10. Sure you could say the the static picture is that the bid is weaker than the offer, but given that the buyer just took the whole piece at 10 1/4, the stock at 3/8 and then pumped up the bid, it is acting relatively well.
So yes, there more stock bid for when the bid is greater than the ask but it does not indicate strength or weakness when considered statically (non-dynamically)
Regards,
steve@yamner.com |
