flash bid

By xiexgp@gmail.com, February 13, 2014

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      • 3984 |
        Travis Johnson, Stock Gumshoe
        Feb 27 2014, 02:33:23 pm

        We haven’t covered that pitch — basically, what Curzio is talking about is placing well-under-market-price limit orders for smaller or more thinly-traded stocks, in the hopes that a mini “flash crash” or just a temporary beating will bring those stocks down to your buy price for a short while.

    1. Robert Laquerre
      Mar 1 2014, 11:46:30 am

      Travis thanks for the reply. I guess that would almost count as finding a co. who’s book value per share is below the current pps.

      Susan, I don’t know what co’s Curzio is talking about, however I found LEDS to be trading at $1.27 and the BV is at $2.20. Book Value Per Share (mrq): 2.20. So to the best of my knowledge this means if a co were to go under the minimum one would get per share (in this case) would be $2.20 No??

      • 4001 |
        frank archambeau
        frank archambeau
        Mar 1 2014, 02:11:47 pm

        Robert; If I may add , Travis has long been using what he calls “stink bids” to get right price in variable market, which I think are same as ‘flash bids’. Often in thinly traded/low volume markets opening price may rise then fall sharply [or reverse that] as market decides direction. In case you cite, you buy, per share, at price you set or not at all until next chance, which would be $1.27 if that was your limit. Sometimes you get a partial fill dependent on order size vs. shares being ‘unloaded’.

    2. zylitolgum101
      Mar 1 2014, 12:06:44 pm

      Re: flash bids, I’ve tried these in the past and based on the requirements as told by the author much DD is required to find them and when you do find them, the spread between the pps and book value per sh. is always large . As I said, I’ve tried this in the past and waited and waited, never to actually catch one. Just my experience. I do however own LEDS.
      One that I found on my own.

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