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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  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...