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Thread: What are you buying?

  1. #3301
    Senior Member HaroldCrump's Avatar
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    Quote Originally Posted by gibor View Post
    I;m buying vodka in LCBO! Return 40% is guaranteed!
    Actually, the return on a $30 bottle of vodka is approx. 0.66% (i.e. your deposit).


  2. #3302
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    Quote Originally Posted by HaroldCrump View Post
    Actually, the return on a $30 bottle of vodka is approx. 0.66% (i.e. your deposit).
    Not really... on the bottle is written 40% and this is what i get....0.66% it's just commission fee rebate

  3. #3303
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    Wait, how are you getting 40% returns from the LCBO?

  4. #3304
    Senior Member JustAGuy's Avatar
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    Quote Originally Posted by ddkay View Post
    Wait, how are you getting 40% returns from the LCBO?
    he's making an alcohol joke.

  5. #3305
    Senior Member KaeJS's Avatar
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    Quote Originally Posted by ddkay View Post
    Wait, how are you getting 40% returns from the LCBO?
    40% Alcohol returns.

  6. #3306
    Senior Member HaroldCrump's Avatar
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    Quote Originally Posted by gibor View Post
    Not really... on the bottle is written 40% and this is what i get.
    Ah, that.
    In that case, you are better off buying surgical alcohol...that is 100% returns

  7. #3307
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    started small position in rci

  8. #3308
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    Quote Originally Posted by HaroldCrump View Post
    Ah, that.
    In that case, you are better off buying surgical alcohol...that is 100% returns
    They don't sell surgical alcohol in LCBO! ...and 40% is enough for me.... I thought it was clear that it was a joke

  9. #3309
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    Quote Originally Posted by gibor View Post
    They don't sell surgical alcohol in LCBO! ...and 40% is enough for me.... I thought it was clear that it was a joke
    Where's the proof?

  10. #3310
    Senior Member Causalien's Avatar
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    Quote Originally Posted by Andre112 View Post
    Can you explain more about the bid/ask spread indicating MM buying or selling?
    The only reliable way for us retail investors is to observe whether or not the large volume orders were executed at the bid price or the ask price. Assuming the order is large enough to make a difference and buy order from a retail investor, it will hit the asking price set by the market maker before the securities transaction took place, taking out any prices that were in between. In this case, the MM is on the ask side.

    And the reverse is true on a transaction that goes the other way.

    Reading through transactions this way is time consuming and only meaningful for large orders and medium to low volume stocks. You will never be able to decipher what is going on with stocks like BAC and C due to their high volume.


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