Bidding 50.01 when spread is 50*50.02

Sky123987 · Oct 22, 2007

Bidding 50.01 when spread is 50*50.02:

is it a smart place to bid inside the quoted bid / ask?

Surdo · Oct 22, 2007

Quote from damnit:

you joking. right? I think you should stop trading if you don't know the answur.

Perhaps you could learn to spell asshole, then answer a simple question!

Bidding between the spread will just cause the specialist/mm to take the offering and bid $50.02.

http://www.elitetrader.com/vb/member2.php?s=&action=addlist&userlist=ignore&userid=80539

Big AAPL · Oct 22, 2007

NYOBScalper · Oct 22, 2007

Quote from Sky123987:

Bidding 50.01 when spread is 50*50.02:

is it a smart place to bid inside the quoted bid / ask?

Why be cheap over a penny?
It shows strength in the stock and people will buy the 50.02 and play off your order (i.e. lean on it).

thegazelle · Oct 22, 2007

LOLOL @ Surdo.. I'm like.. WTF, ignore list?

Very nice Surdo..

Sky123987 · Oct 22, 2007

Quote from damnit:

you joking. right? I think you should stop trading if you don't know the answur.

actually I really have never started trading

TorontoTrader2 · Oct 22, 2007

Quote from Sky123987:

actually I really have never started trading

no prob, 95% on here are papertraders anyway.

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