TSXV:CLAS.H - Post by User
Comment by
alejo.g3ologiston May 02, 2019 10:47am
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Post# 29700543
RE:RE:penny the clown
RE:RE:penny the clownbrentkosta wrote: alejo.g3ologist wrote: I think Penny knows the bid/ask thing he's just playing stupid here, his job is to annoy/entertein people by being contradictory...somebody has to be the clown anyways...let him be happy...please lets not argue with him anymore about this bid/ask thing...yes Penny you are right all the way...
You guys are arguing two differnt things. Penny is a fool, yes.... but hes arguing that ask VOLUME represents the demand in the stock. In which he is right. Remember, volume equals shares traded.
The rest of you are arguing that shares STACKED on the ask are a represntation of weakness. This is correct.
Penny is arguing bid/ask activity post-trade. You guys are offering bid/ask activity pre-trade. Thats all.
In conclusion, you are both right. Bid equals demand. Ask equals supply. The ask VOLUME equates to the demand. If most volume was created on sell side, it would be a bearish signal. Basically were at a stale mate. People arent willing to slap the ask. Many people are sitting on a bid. And they slowly get filled as people sell into their bids.
I cant believe I spent so much time with this post. I feel like Switzerland with my neutrality
In any case. I didn't slap the ask this time maybe i am selfish but got an order filled at 0.0425 of 440k more shares..totalling holding 1.34M shares...ill be swing trading the last added batch..dont see enough liquidity to swing trade on the warrants(A or B)...that's just my strategy for my cash flow..GL!