GREY:CTORF - Post by User
Comment by
planeflyon Oct 05, 2001 5:27pm
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Post# 4264251
RE: solid close
RE: solid closeThis is amazing that a stock this cheap would have a 1 cent spread. And that brings up a question. Why would someone be willing to pay 33 cents but not 34 cents? Now I know with the Vancouver mentality, that guys there would do anything to make an extra penny. But in reality, what difference does it make. Obviously, they can't buy much at that price without pushing it higher. Assume maybe they are buying 10,000 shares. The penny would save $100, which is better than nothing. But the real question is that if the stock is a good buy at 33 cents, would it be a bad buy at 34 cents? And why risk getting into a stock you really thing is going up for a penny.
Nothing important, just Friday afternoon rambling. I guess it's time to go home. Have a great weekend!