CGX Energy Inc V.OYL

watch the Cad $1.00 Wall

[dragonfly454]

At this point into the afternoon expect a dump of 50000 to 100000 shares to breach the Cad $1.00 resistance and to flip the stop losses at $1.00 ..the game is on then expect buying at the Cad 0.95 all the way back up to Cad $1.10 -$1.15 by close of market.If it is to be a green day ...but expect collateral damage by 2 pm ..take care..Birayni is served.

[Dirksidetrack]

First 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

[dragonfly454]

[dragonfly454]

Sorry about the blank post below..at this time the sentiment is very low... Management is giving no support to stabilize by giving an operational update.. unless they figure that an operational update of a grim situation in terms of current drilling (not results) would probably do more harm than good in the interim so they rather resolve any issue first.as to share price the longs are in hold mode

[CLOUDER]

HOW many times have i sold in situations like these,  NO i am not selling till news,  good or bad.IF the share pric was going up,  NO one would be selling,  this IMO is a classic  shake out of us  great  unwashed, who dare`s to dream of a big  pay day.                             

[Dirksidetrack]

I agree. Bid volume is in the 10s of thousands. Ask volume in the 100s. Bid price is lower than ask price. Someone is trying to accumulate by forcing capitulation. Longs holding firm, for the most part. This is a purely emotional play not based on anything concrete.

[RHertig]

When the market is open the bid only exceeds the ask for seconds. As soon as the bid meets the ask shares are sold/bought.

[Dirksidetrack]

Ok so bid is the highest price someone is willing to pay to buy a stock. Ask is the lowest price that someone is willing to sell at. So what happens if the current market price is $1, and one share is being offered at ask of 95 cents and there's one bid at $1.05? My understanding is that the trade settles at 95 cents. Is this not correct? So, if correct, then 95 cents is the new market price