RE: Concern... please read.6 Apr 2018 18:02
Qd22 . . . I reiterate most of the replies - but please take only a passing interest in the 'Bid and Ask' prices, they are only a GUIDE [see below] and, where you should be looking is at 'Trade price' !
Trade prices are the real prices achieved by the real buyer or seller, and you will see they are much closer together, thus a narrower 'spread'.
As has been said the dealer offers a buy price - don't take it if YOU feel it's too high [or low, when selling] wait an hour, or longer, a day, judge the market and try again until it's appropriate for you. If buying try watching the LSE trading log here for a big sale which might allow your dealer to offer you a more favourable price, and the alternative if selling. But 'we' all have our own way of trading!
If you are in deep and have the confidence and the �'s, you can buy on the rise to reduce your per share costs, as I dare say the ex Bond holders should be contemplating. I was able to do it the other way round.
Often as the day progresses it can sometimes even appear there is opportunity for a 'day trader' to make a profit, albeit it tiny, and dependent on whether the deals have been accurately described, as some marginal buys may have been described as sales!!
To explain and it's fairly basic, the Buy and Ask guide prices 'dictate' the upper and lower prices between which deals/ trades can be made. A 'buy' trade is where the price agreed is MORE than half the difference between the 'guide' Bid and Ask, and a 'sale' when it is LESS than half.
There are occasions where 'Bid and Ask' prices are changing by the minute and it is these times perhaps when 'wrong' descriptions are likely to occur.
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