16th August 2004, 05:47 PM
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..
17th August 2004, 01:18 AM
17th August 2004, 01:52 PM
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.
Originally Posted by Silverelf
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?