Re: .....Bid and Ask
in response to
by
posted on
Apr 03, 2009 09:03AM
Producing Mines and "state-of-the-art" Mill
Traps, is it possible there is an iceberg sell order on the books?
You only get to see the tip and there is plenty of stock on hand for sale which you do not see.
FYI there can also be iceberg bids.
http://en.wikipedia.org/wiki/Order_(... )
"Quantity and display instructions
A broker may be instructed not to display the order to the market. For example an "All-or-none" buy limit order is an order to buy at the specified price if another trader is offering to sell the full amount of the order, but otherwise not display the order. A so-called "iceberg order" requires the broker to display only a small part of the order, leaving a large undisplayed quantity "below the surface"."
http://www.investopedia.com/terms/i/...