RE: waiting in "long lines" to sell your stock at ask price

When a stock trades e.g. at $1.09 bid and $1.10 ask for most of the day, with large size bids and asks, do you agree that for most stocks it's almost futile to try to sell at the ask, and b) once you finally can sell at the ask is the best indication the stock is just about to leap forward?

This was my experience with CTIC on several occassions, and I suspect would be the same with many others. Agree?

 

100%

Happened to me more times than I can count. No matter what, you always seem to be last in line.

 

I want to suggest that those long lines of bids and asks are made by market makers, and at a particular point when they decide to move the stock up or down, they merely remove their bid or ask (with a buy between accounts or otherwise), and leave you as a sitting duck--and THAT's how you or me get to "sell at the ask" or "buy at the bid" of such stocks. Agree?

 

First question is...why are you even looking at a stock that trades a 1 penny range all day??

 

maybe he just heard about rebate trading and wants to try it out...

 

Wouldn't doubt it for a second, especially on highly manipulated stocks like CTIC.

 

A stock can trade most of the day at a 1 penny range, and at a particular (as by CTIC), it can just go up several cents. 5 cents on a $1 stock is 5%.

 

So you're looking to catch a 5 cent move or are you looking to rebate trade?

If a stock is in a penny range then you dont need to sit on the offer....wait till it pops and sell into strength?

 

no.

 

You have put the magnifing glass on one of the last "unfair" features
of our market structure. Of course, "unfair" is just a point of view.
What is unfair for you and me is a bonanza for market makers and
specialists.

Some previous post where I talked about this.