Often, while reading discussions of a stock which is thinly traded, I'll see someone commenting on a single large or closing order, and characterizing i s either a buy order or a sell order. How are they determining this?
Is it this simple? If the trade is at the ask, it's a buy order because a buyer put in an order which matches the ask price; and if the trade is at the buy price,it's a sell order because a seller put in an order which matches the buy price? Or is there more to it than that?
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