Question

[Kuzami]

I see over and over again on other boards where people complain about people selling at the bid and not the ask. I'm under the impression that the bid IS what the sell price is currently at, and that the ask IS what the buy price is currently at. If this is so, how is one supposed to be selling at the ask price?

[BadThad]

Wow, nobody answers this poor guys question? LOL

Bid - The price investors are willing/offer to pay.
Ask - Price the MM set for the stock, you're guaranteed to get shares if your "bid" is at ask.

Last - That is the "true" price of the stock. How much the last sale was for.

If you want to sell at "ask", you just put in limit order. Using a "market" order puts you at the mercy of the MM, it can be sold at any price they want but you're guaranteed to have an instant sale.

Hope that helps!