RE:watch the Cad $1.00 WallFirst of all, here is what CMC Markets say: "The bid price is normally higher than the current price of the instrument, while the ask price is usually lower than the current price."
They go on to explain that higher bid than ask generally reflect more demand for a stock than supply. Higher ask than bid generally reflect more supply of stock than demand.
The last time that I checked, about one minute ago, the ask was still higher than the bid. Given that the definition of ask price is the lowest price that a seller will sell at, while the definition of bid is the highest price a buyer will buy at then can we conclude that because ask is greater than bid right now that sellers want more for their shares than buyers are willing to pay?
We know that fec owns most of the shares. They're obviously not selling below a certian price. The longs aren't selling. So the problem is that there are not enough buyers or demand to get the bid greater than the ask in order to move the sp up. Why not at this point in the well?