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Guaranty Federal Bancshares Inc. Message Board

  • shipptrevor shipptrevor Feb 8, 2012 5:05 PM Flag

    Purchasing GFED: How do you go about it?

    So after all of the feedback I received on my last post, in addition to more due diligence, I am ready to start accumulating some GFED.

    Seeing that it's relatively illiquid, what's the best way to pick up shares?

    I guess I'll just put in a limit order and see what I come up with. Seeing that it's trading at $7.25 flat for the past couple of days, would it make sense to put in a limit order of, say, $7 even to see if it gets filled?

    I've never bought a stock with such low volume, so this is new business for me.

    And if that were my approach based on current volumes, what are the chances that I get filled by under cutting the current market price?

    Anyway--thanks for the help!

    PS Not that I'm looking to trade this at all; in fact, I'll probably pick up a few shares for my IRA.

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