InvestorsHub Logo
Followers 121
Posts 2717
Boards Moderated 0
Alias Born 08/29/2009

Re: AliAngel post# 379

Saturday, 10/17/2009 8:43:36 PM

Saturday, October 17, 2009 8:43:36 PM

Post# of 1332
It really depends on the greed vs. fear factor on Monday.

I've been thinking about this alot and it seems to me the MM's(and let me be clear, I know they are basically some sort of algorithm based on people's orders of which can all be seen on their LVL 3 system) will take this one one of two ways, up or down. It will not open at either the current ask or the current bid(both of which are currently above the last price, which is unusual)simply because of the MOMO and speculation, and to be honest some confusion by some inexperienced or hasty traders.

This will gap up if there are alot of buy orders and gap down if there are more sell orders. That is it. If you believe in this it would seem prudent to put in a buy order or two, before 8am Monday. Otherwise, the chickens will start a chain reaction of fear that will make the stock open lower. If you don't really want to buy, you can always cancel your order 9:25 or so... at least, if it's not a market order,lol.

I wish everyone on this board the best, I have enjoyed your posts.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.