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Message Boards Settings HMN Financial, Inc. (HMNF) - Quote Info
Why Such a Wide Spread?     21-Oct-09 11:17 am    
I don't like that this stock has such a wide spread between the bid and ask price. The ask (buy) price is usually about 15 to 50 cents more than the bid (sell) price. Other words, you buy this stock at a loss of about 15 to 50 cents a share.

Example: As of this writing the real-time trade price: Stock price: $5.59, Buy (ask) price: $5.60 and the Sell (bid) is $5.21. Otherwords, if you bought at $5.60, since the stock is selling at $5.21, you already bought at a loss of about 40 cents a share plus cost of commission.

I hate when stock trade this way. It increases risk.
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slimdeedy

Female
New Jersey


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Why Such a Wide Spread?
slimdeedy Not rated 21-Oct-09 11:17 am  
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HMN Financial Inc. (HMNF)

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On Dec 8: 3.98 0.00 (0.00%)
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