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Talking stocks, trading, and investing in general - Page 126

post #1876 of 5239
Quote:
Originally Posted by idfnl View Post

Its not even a question of orders. I'm not even seeing a posted price anywhere. It just makes no sense and there has to be a reason. Here is a perfect example: I let a day trade on KORS ride overnight and not a single price or share traded pre-market this morning, how can that be possible? Not a single actionable trade was there? Come on.
This happens even on some of the most heavily traded, high market cap stocks. Wouldn't exactly be surprised to see a day without any early trades on something like PG.

the extended hours trading arena really doesn't amount to much. Barring serious material news that gets acted on by institutional investors (although its hard to move much volume at any reasonable price), the pre market trading is mostly a wild west of trader cowboys who think they are cool because their brokerage is willing to broker pre-market trades for them.

You'll see a little more professional use of the after-hours trading since sometimes people have shit they *need* to get cleaned up before they go home...but even that is usually trades that trickle in within 10 minutes of the close.

Basically you have to either be an idiot or have a damn good reason to be trading outside of regular trading hours.
post #1877 of 5239
Quote:
Originally Posted by otc View Post

This happens even on some of the most heavily traded, high market cap stocks. Wouldn't exactly be surprised to see a day without any early trades on something like PG.
the extended hours trading arena really doesn't amount to much. Barring serious material news that gets acted on by institutional investors (although its hard to move much volume at any reasonable price), the pre market trading is mostly a wild west of trader cowboys who think they are cool because their brokerage is willing to broker pre-market trades for them.
You'll see a little more professional use of the after-hours trading since sometimes people have shit they *need* to get cleaned up before they go home...but even that is usually trades that trickle in within 10 minutes of the close.
Basically you have to either be an idiot or have a damn good reason to be trading outside of regular trading hours.

+1. Even Cramer advises against trading in the Pre or After Hours market when he's talking to retail investors.
post #1878 of 5239
Quote:
Originally Posted by otc View Post

This happens even on some of the most heavily traded, high market cap stocks. Wouldn't exactly be surprised to see a day without any early trades on something like PG.
the extended hours trading arena really doesn't amount to much. Barring serious material news that gets acted on by institutional investors (although its hard to move much volume at any reasonable price), the pre market trading is mostly a wild west of trader cowboys who think they are cool because their brokerage is willing to broker pre-market trades for them.
You'll see a little more professional use of the after-hours trading since sometimes people have shit they *need* to get cleaned up before they go home...but even that is usually trades that trickle in within 10 minutes of the close.
Basically you have to either be an idiot or have a damn good reason to be trading outside of regular trading hours.
Quote:
Originally Posted by Slopho View Post

+1. Even Cramer advises against trading in the Pre or After Hours market when he's talking to retail investors.

What a bunch of shit. I've been doing it for years. I think what Cramer advises it to never trade pre or after unless you use a limit order. I only use limit orders period, not going to give leverage to the HFT machines.

I've squeezed out extra gains pre and after market countless times. Ya, it doesnt always work but more often than not it does, especially pre market buys and then sell in the afternoon.
post #1879 of 5239
Losing my ass here:

KORS

42.99 -3.81 (-8.14%)
Real-time: 12:04PM EDT
post #1880 of 5239
Ohhh...I get it now. Did you try to dump this in the Pre-Market?
post #1881 of 5239
Quote:
Originally Posted by Slopho View Post

Ohhh...I get it now. Did you try to dump this in the Pre-Market?

shog[1].gif um
post #1882 of 5239
Took advice here and moved into some cash early morning before things dropped some more, still having a shitty day tho. Is BAC good to get now or will it reach 7s?
post #1883 of 5239
Quote:
Originally Posted by Dbear View Post

Took advice here and moved into some cash early morning before things dropped some more, still having a shitty day tho. Is BAC good to get now or will it reach 7s?

jpm reports earnings friday, bac on tues? It's probably safer to stay on the sidelines and see what happens. Bad earnings will = huge drop. Good earnings you'll see a recovery, but you get still get on the action.
post #1884 of 5239
Quote:
Originally Posted by Slopho View Post

+1. Even Cramer advises against trading in the Pre or After Hours market when he's talking to retail investors.

Yeah, IMO one shouldn't pay to pre or after market trades unless it's after a huge PR.

I see it every day, some joker runs the price up 5% after market with a few hundred shares traded, I guess to sucker people into going long first thing in the morning (also, a terrible time to trade), before the pull the rug out.

Maybe I'm being too conspiratorial...
post #1885 of 5239
i shoulda bought FAZ, I was contemplating, but totally chickened out. up 3% on thurs up 6% today.
post #1886 of 5239
lol AA beat earnings?
post #1887 of 5239
Doesn't AA always beat estimates though?
post #1888 of 5239
Quote:
Originally Posted by javyn View Post

Yeah, IMO one shouldn't pay to pre or after market trades unless it's after a huge PR.
I see it every day, some joker runs the price up 5% after market with a few hundred shares traded, I guess to sucker people into going long first thing in the morning (also, a terrible time to trade), before the pull the rug out.
Maybe I'm being too conspiratorial...

Methinks you are. You wont get into the trade if there is huge news since they will halt the stock. Then the MM will get in and reset the price and you'll never see a run up, just a new price.

AH and PM trading are extremely useful and I do it all the time. You guys seriously sit there watching a position you want to buy run up pre-market and wait until the open to get in? No way.

Just a small example, with that KERX and AEZS trade a bunch of pages back, I got out at 7am with a minor dent to my profit while all the suckers ate shit at the open.
Quote:
Originally Posted by javyn View Post

Doesn't AA always beat estimates though?

AA hasn't really beat estimates in a long time. The expectations have gotten low enough to make it look like a good quarter but their business is in trouble and has been for a long time.
post #1889 of 5239
I see, admit I haven't payed attention to Alcoa in a long time.
post #1890 of 5239
Me either, It only serves as a reminder to me that earnings season has started.
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