buy price

[montyguitar]

Doc,  you have stated about stocks many times to buy as low as possible.  Can a person buy at less than the "ask" price?  Thanks for your response.

[Dr PennyStock]

Yes, sometimes you can buy at the bid price, you just need to put your order in a moment with great sell pressure.

[montyguitar]

I just have to ask.  What designates great sell pressure?

[Dr PennyStock]

I just have to ask.  What designates great sell pressure?

When you see a stock falling with most of the trades at the bid and sometimes the ask is equal to the bid because of the great sell pressure, you see many times a stock with bid at 0.0011 and ask at 0.0012, but, with many trades going at 0.0011, at this moment if you put an order at the bid, sometimes you can buy, it depends also of the size of your order, but, a normal amount, it's possible to buy.

[Dzielak51]

I also have a question similar to this subject.

When i see for example:      Bid - .02 x 50  and  Ask - .024 x 5000

does that mean theres orders at for around 5000 shares to buy at .024 and 50 orders to to sell at .02?

[Tommy86]

I also have a question similar to this subject.

When i see for example:      Bid - .02 x 50  and  Ask - .024 x 5000

does that mean theres orders at for around 5000 shares to buy at .024 and 50 orders to to sell at .02?

its that number multiplied with 100, so 50 x 100 = 5000shares.... (or was the multiplier 1000?)

anyway doesnt really matter, cause thats just MM shi* and most of the time isnt true, so if you want to buy/sell and the amount shown is less than the amount you want to buy/sell just give it a try, i think it will go through

[Dr PennyStock]

Yep, it's multiplied by 100, so when you see 930 x 100 = 93,000 shares.