What are the general scenarios that can happen with a stock when the Bid and Ask price marginalize at an exponential distance from each other the entire day?
Example NYER: Beginning of the day: BID 2.65/ASK 2.74 Market Price 2.70
Middle of the day: BID 2.70/ASK 2.83 Market Price 2.80
Closing Bell: Bid 2.80/ASK 3.20 Market Price 2.90
Can someone tell me what is happening here?
I hold 300 shares of this stock which I bought at 2.70, should I sell now and take my small profit or should I hold and see if the market price will reach that ASK?