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Thread: when is bid and when is offer?

  1. #1
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    May 2003
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    Default when is bid and when is offer?

    just being kaypoh n trying to see wat is the defination of bid n offer here..no harm intention..here goes..

    seller is to OFFER an item for sales..

    buyer is to place a BID for the offer of an item for sales..a buyer cannot OFFER a price to the seller for an item..

    not sure if everyone agrees with me abt it..let me know ur views..hehe..

    i am stating the above as the above is wat is happening in the biz world..as my job is a trader in a jap trading firm and in our trading buy/sell world, buyer only place firm BID for cargo and seller only place firm OFFER for cargo..

    cheers!

  2. #2
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    Quote Originally Posted by keithjhee
    buyer is to place a BID for the offer of an item for sales..a buyer cannot OFFER a price to the seller for an item..
    Not trying to disagree with you but I cannot figure out the difference between "BID for offer of an item in sales" and "OFFER a price to seller fo an item"

  3. #3
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    Quote Originally Posted by Silverelf
    Not trying to disagree with you but I cannot figure out the difference between "BID for offer of an item in sales" and "OFFER a price to seller fo an item"
    in any transaction, there is alway a bid n offer. a seller offer something for sales. to me, if i am a seller, it does seem strange to get a offer from a buyer for a offer of my item. same as stock market, there is a bid-ask(offer) spread. there is no ask-ask pricing. to buy something, u bid for it. to sell something, u offer it for sales.

    it does seem strange to me as a buyer to offer a price to the seller for an item. seem more logic to be 'offer cold hard cash notes of $$ to seller' than 'offer a price to seller' .. hmm.. wat u think?

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