bid is $3 because of 5mins matching after market close.. 5pm market close, 5:05pm last matching trade..

during this period, people can set very high/low bid/sell price to ensure their positions get cleared.

Also, during this period, if u do not have market depth, u won't be able to estimate the real closing... take note i say estimate.. because there are always fake stacks. Without market depth, you also won't be able to know how heavy is the queueing below the $3 buy bid or how heavy is the queueing above the $1.78 sell bid.

hope this helps ;D

cannotfind      ( Date: 04-Oct-2010 17:03) Posted: All, why is the Bid $3? Symbol Description Mkt Rmk Last Chg % Chg Bid Size Bid Ask Ask Size Vol High Low Open Prev Cls 52H 52L 1 G13 GENTING SPORE W SG SGD 2.040 +0.040 +2.000 25,000 3.000 1.780 52,000 252,747,000 2.100 2.010 2.010 2.000 2.180 0.835

if i am not wrong, CFD like no limits 1...... but i not sure i might be wrong.....

or maybe this $2.50 target is what he/she sees in his/her chart.... he/she just waiting only....

Monday: 4 OCTOBER 2010  CLOSING

4 OCTOBER  closed  2.04  +0.04

Hi  2.10  Lo  2.01

Volume  (2 + 5 + 6 + 1 + 2 + 1) = 17   (1 + 7) = 8

maybe he/she means his/her target is 2.50..... which is possible..... anything is possible

anyway, today's closing seem to form an inverted hammer...... hopefully it is not too reliable.....

Haha, I'm from the original Wall Street ... guys like Ivan Boesky, Dennis Levine and Mike Milken and LBOs and insider trading. The Roaring 80's.

Money Never Sleeps parodied Paulson (the hedge fund guy), CDSs, Lehman Bros, ... The New Breed. 

Always trade with eyes wide open. The market is always right but may not be always logical.  

eh.. today froms an inverted hammer?

BullishTempo      ( Date: 04-Oct-2010 17:01) Posted: Gordon Gekko from Wall Street 2 is here !!!!!    G.Gekko      ( Date: 04-Oct-2010 16:55) Posted: Well said!

wow full time trader.  on behalf of others or just for yourself ? surely you are one of the master here !