Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Cosmo Daisey who wrote (2857)	9/17/1998 10:00:00 PM
From: Shelia Jones	Read Replies (1) of 4634

Cosmo, Jumping right in here...I'm confused. Please explain: Exmple: TRBD is posted 5.25 bid and 5.50 ask and the tic is down, place your limit order at 5.375 and you will see the bid updated to 5.375, your bid. The market cannot move forward until your bid which is now the best bid is satisfied Why not just short at the ask? Heck, how about ask+10 points? What are the limitations? TIA, Shelia

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