Blind Bid

Blind Bid - A blind bid is an offer to buy a group of stocks, which have been bundled, without having knowledge of which stocks have been included in the bundle. Some portfolio managers improve their position in the stock market using this option, without having to influence the stocks that they are buying or selling. This Blind Bid type of investment can be extremely high risk for most investors, as they may receive a group of stocks, or a bundle, that in the end could turn out to be valueless to their portfolio. A gamble to say the very least, but one some investors take with the hope the stocks will have great value.