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To: per strandberg who wrote (6760)2/10/1998 8:14:00 PM
From: Larry Voyles  Read Replies (1) | Respond to of 16892
 
>If I could buy at the bid, sell at the ask, I would be retired by now.

No, you would be a Market Maker. Sorta like printing your own money.



To: per strandberg who wrote (6760)2/10/1998 8:19:00 PM
From: Craig  Read Replies (2) | Respond to of 16892
 
Yes I understand that...
Bid price is the highest price that buyers are willing to pay for a stock. Ask price is the lowest price sellers are willing to sell a stock at. My point is that besides the market orders that were occurring, which occur at the ASK price, my limit price represented the best BID price which at that time was the highest price any limit order was on the marketmaker's books. Even though my order was obviously the best BID (it changed as I changed my orders up and down),other orders were filled instead at my bid price, but not mine.



To: per strandberg who wrote (6760)2/10/1998 9:24:00 PM
From: Peter H. Hodge  Respond to of 16892
 
Guess you've never tried it. Maybe you would surprise yourself! It happens frequently.



To: per strandberg who wrote (6760)2/11/1998 10:17:00 AM
From: Andreas Helke  Respond to of 16892
 
If your buy order (inside the spread) creates the bid you have a pretty good chance but of course no guarantee that your order will be eventually filled. If the bid and ask are moving your order will quickly be left behind outside of the new bid/ask spread.

Andreas