RE:RE:RE:RE:RE:RE:RE:RE:Financial question from a friendpierrelebel wrote:
A word of caution: investing in BBD.PR.B and/or BBD.PR.D may be the best and safest way to invest into Bombardier for those incline to do so. However, it should be noted that these shares are generally thinly traded with wide gap between the "bid" and "ask".
Be patient. Pick your entry point. Do not chase the bid.
These preferred shares are for investors, not traders, speculators or gamblers.
Totally agree with you on the pref B. What's more is that as a retail investor you can't rely on the visible pool of orders. The size of the orders are generally 1 and there are often bid and ask orders that are not shown. I've personally experienced a situation where I put a bid in for one cent above the existing bid only to see a new bid one cent above mine. I then repeated the process several times only to see the same pattern. After withdrawing my bid, the bid quickly went to the original starting point. My strategy is to wait for a fair sized block at an ask that is acceptable and then put an offer at the ask. You do need patience with both the buy and the sell.