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Short Term Trading Weekend Lounge 24 - 26 Mar, page-177

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26/03/17

14:28

Post #: 23631651
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Originally posted by herbalist ↑

Hi any advise from more experienced campaigners regarding the following situation.

Illiquid dog stock with big spreads. I have the top bid and the offer sits 12% above me. Someone sells $300 stock to me and then a smallish bid appears a pip above me. I look at the fact that above the offer there is another big gap and think why not take it out but Commsec rejected due to the spread. Almost immediately the bid above me moves up to the offer ( no such restrictions applied to them) but doesn't take it out. I decide not to move up as I am top of the queue again .

Stumps.

Next morning someone sells $250 worth of stock to me. Almost immediately a biggish bid jumps me by a pip.

Stumps.

Is someone trying to suck me into a higher bid or are the sales into me tests that are rejected by the bid jumping me and I should move mine up. I think the latter.

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Break your buy into several smaller parcels/trades and cover more of the price points within the void that is the spread gap. Thus hedging your bets to some degree... is what I'd do if I were seriously wanting a position
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