On the bid/ask prices - I frequently see bids for only 1 share.
What's going on here?? I would imagine it's institutions putting these orders in - as commissions would burn retail investors.. Does anyone have a greater insight into this?
Thanks.
Trembling Hand
31st-March-2009, 11:49 AM
Hi all,
On the bid/ask prices - I frequently see bids for only 1 share.
What's going on here?? I would imagine it's institutions putting these orders in - as commissions would burn retail investors.. Does anyone have a greater insight into this?
Thanks.
It happens a lot as a "market to market" valuation. Especially around this time, end of quarter etc, so insto can value a portfolio on illiquid stocks
or they can be pricing transactions for off market transfers.
etc
beamstas
31st-March-2009, 02:59 PM
or they can be pricing transactions for off market transfers.
TH, Normally off market transfers happen EOD at the closing price. At least that is what i have always done when doing them for clients..
