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jmodified

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jmodified

Re: None

Tuesday, 08/02/2011 10:48:43 AM

Tuesday, August 02, 2011 10:48:43 AM

Post# of 53780
Why do we sometimes see selling first thing in the morning below GTC bids?

Forgive me if this is a naive question, but why does this happen? Sales sneak in during the first minute of trading before the GTCs have a chance to "show up". It seems unlikely that someone would put in a sell order below the previous day's closing bid and in all probability below what the bid will be one minute after the open. I would blame it on chart-painting, but the amounts, while small, seem a bit too big for that.
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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