Quote:
Originally Posted by Mark17
In your example, the shill bidder is signalling the asset is worth $120. YOU are the one coming up with the $130 price.
It is convoluted to say $130 from a dealer (also a real-time offer) is too high, but the same price for the same item is not.
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Shorthand for the next bid level. I wouldn't mind paying a few percent over what I thought was unmanipulated market, but would mind paying 30 percent over, which is what the 130 represented prior to the bid.