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Quick question on stock prices,please hilfe mich!

Discussion in 'BlackHat Lounge' started by mungus, Dec 23, 2011.

  1. mungus

    mungus Regular Member

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    Ok, my shares closed up 11% at 13.12p (approx) today, I got in late on the uptrend and after spread and commission I ended up about £20 down, the markets closed today at 12:30 in the UK, however, I was just having a look on my trading account about ten minutes ago and when I'm in the portfolio section the shares (stock for our cousins across the pond :p) are mysteriously valued at 14p per share. However, in a different section of my account where I can get quotes, the Ask price is 13.25 and the Bid is 13p so what the hell's going on? Does anyone know why on one page it's showing as 14p (making me up on the day by about 90 quid) and in another part the mid price is just over 13p per share? (in which case I'm losing). Ahhh it's frustration defined! I want to get's paid before my big new year liver assualt yo.
     
  2. Initial Effort

    Initial Effort Jr. VIP Jr. VIP Premium Member

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    This is after hours prices I believe. So the bid and ask get skewed. So go with what your account shows as the last traded price. Market makers do this after hours to try to get people to unload cheap or buy on the high side.
     
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  3. mungus

    mungus Regular Member

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    Ah I thought as much, yeah I'd heard about auction calls and such to stabilise volatile shares but I didn't realise this could happen after close. My account balance is the one showing the figure that puts me in profit so I'm gonna go with this and offload as soon as the markets open on Wednesday. Cheers mate.
     
  4. limey

    limey Regular Member

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    Yes its afterhours pricing. Pay no attention to it. If its a thinly traded stock it has the potential to move more wildly afterhours than say a very liquid high volume stock like MSFT.

    Many reasons why that happens, lack of bids, people trying to run stops, panic sellers, etc.
     
  5. mungus

    mungus Regular Member

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    Thanks bud, can I close my position at this after hours price then? If this is the case, then can the after hours price decrease? That sounds pretty shady unless the stock has been delisted or suspended, I honestly didn't realise they could do that, pretty fucked up if that's the case. In this instance I benefit, but next time, cui bono? The plot thickens...