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Are you sure your data is correct? The spread here is 1 3/4.
That's quite high. In 1997, before the market makers were forced
to reform by the SEC, such spreads were common. Now it's fairly unusual.
You sell/buy by the bid/ask price. The quoted price/high/low of
the day is sort of an average of the bid/ask price.
Daniel.
Ron Warshawsky wrote:
Symbol Bid Ask Last
Change High Low
Volume
STOCK 10 11 3/4 11 1/4 -1 13/16 13 11/32 10 15/16
361,700
Dear list participants,
As you can see, above stock has bid price (10), which is lower
than the low
price of the day (10 15/16). Can you please advice me, what stock order
must
be used in order to sell this stock if price will drop to 10 13/16
or lower,
but not at 10 (what market sell order will do).
Regards and thanks a lot in advance.
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