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?
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