SLY,
"Retail doesn't trade prior to market opening, only insiders do?"
What do you mean by retail? Funds, etc?
As for us little guys...I thought anyone can trade in pretrade/ extended hours once it's set up in their account. I know I can if I wanted to (and I'm a nobody) but too risky for me because they don't allow limit orders and the market orders bounce all over the place. Maybe funds can too if they want to because some pretrade numbers that cross can not be us little guys or insiders for that matter. Who here wants to buy 300,000 of csco pre market?
As for insiders trading premarket...Once again? Isn't that illegal or am I just kidding myself? I hope it's not one of those things my kids try to pull on me..."It's no problem unless I get caught!" :)
Jen