RE: RE: RE: RE: New strategy todayI forgot to say too that with a 'refreshing ask' the trader always feels like he has to go get those last shares at the 'ask' price because that is all there is.
So look at today for an example blaggers.....
There were 205 thousand shares at the bid at 26 and 12 thousand shares at the ask at 265, so if you want the shares, you say to yourself, there is no way I can wait in that queue at 26 and get those shares. I gotta go and get those ones at .265, and so everyone does that.
You think you got the last ones and you don't realize that there are more behind it.
And you never know when exactly the last ones at 265 are going to be refreshed. He might be done soon, so if you are aware that someone is refreshing an ask, when you buy, you really aren't thinkng aboout will it go higher or will it go lower, you are just thinking about is this a good price.
So blaggers this is the opposite of desperate. It is smart. (I mean if you have decided that you have to sell which is of course, not smart. you know what i mean)