StockFetcher Forums · General Discussion · If the only dumb question is the one that isn't asked...<< >>Post Follow-up
betyerbottomdollar
169 posts
msg #59371
Ignore betyerbottomdollar
1/29/2008 4:30:07 PM

Still a relative novice here (and will probably feel that way even after decades of trading), so I have to ask. When I look at Level II quotes, especially after hours, I sometimes see bids for a penny and asks for hundreds of thousands for a stock trading in its forties or fifties. Is this in hopes of scooping up a bundle of shares or selling by taking advantage of Iggy Ignoramus if he makes some sort of mistake placing an order? Is it like the Price is Right where, if I bid two cents, I would get the trade before Mr. Slick and his penny scam?

nikoschopen
2,824 posts
msg #59374
Ignore nikoschopen
1/29/2008 4:42:45 PM

The spread is noticeably wide because market makers have lifted their respective bids and offers. No, Iggy Ignoramus cannot get screwed even if he was able to exert his otherwise mighty talents because you can only place a limit order in the extended trading hours,

StockFetcher Forums · General Discussion · If the only dumb question is the one that isn't asked...<< >>Post Follow-up

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