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To: lostmymoney who wrote (43)6/29/1999 11:09:00 PM
From: TraderGreg  Read Replies (3) | Respond to of 79
 
I agree. When it was 2 1/8 by 2 5/16 for a while today, I placed an order at 2 1/4 and one, maybe two, friggin nanoseconds later the bid/ask was 2 1/4 by 2 1/2 and there hadn't been a trade. And the ask just kept going higher after that. I won't chase those situations so I stay with my current position.

Your reference to the "wouldn't buy over 2.75" sounds exactly like what the Undervalued Dog put in their email.

TG