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freeitems

04/09/14 6:38 AM

#102993 RE: wisco_jp #102992

Probably, yes. But often the bid can move right up to the minute before the open.
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MarryMoore

04/09/14 6:48 AM

#102995 RE: wisco_jp #102992

It won't be that low 10 minutes before the bell. Pre-trading occurs before 9:30 so the MM is filling orders during that time. That's why you've seen a gap up the past few days. It's been trading about 3-5 million shares pre-market so it's driven up the price at the bell. Then you see a sell off of profit takers. After that the longs come back in at the support levels holding or driving the price higher. You can see that pattern pretty well on the 60 minute chart over the last several days. Waiting on next press release for a nice spike. Hopefully momentum can continue to carry higher until then.