Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Microcap & Penny Stocks : ECNC (OTC:BB) - eConnect -- Ignore unavailable to you. Want to Upgrade?

To: M Vavolizza who wrote (736)	8/2/1999 5:35:00 PM
From: Jorjenzak	Read Replies (1) \| Respond to of 18222

You would be STUPID to buy at the ask if you can buy at the bid. Ask is what MM's are charging for the stock. Bid is what they are paying. When you see a big spread (diff. b/t bid and ask) it usually means the MM's are shaking out loose shares from those scared to hold. Usually they do that by lowering the bid. It is fairly complex and you just learn over time. What the customer probably told his broker was to put in a market order which goes through at the current market price without restriction. This is also risky as the MM's often scalp you by bumping up the ask then filling your order...often for much more than what everyone else paid that day. But it does guarantee you get filled more often. I always put in limit orders...then change them if not filled quickly or cancel them.