Position Trading in Canada Message Board

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Gold/Mining/Energy : Position Trading in Canada

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To: bill who wrote (1334)	6/23/1999 8:29:00 PM
From: Ward Nicholson	Read Replies (2) of 2259

Bill: No problem...I wish I had had the courage to ask more questions when I started trading seriously. Anyway, the pre-open is simply the time leading up to the bell, when trading starts. I take it to be around 30 minutes before the opening bell. The actual exchange of shares has not yet started, but the placing of buy and sell orders has. During the pre-open you'll see the bid/ask price oscillate as more orders are placed. If the market is focused on a particular stock (for one reason or another) you'll see greater movement in the bid/ask price. I love watching the pre-open simply because it gives me a sense of how much buying or selling interest is out there. Not to mention, there are many a game that certain brokerage houses play in order to flesh out where certain support and resistance levels are. So, whatever you're looking at before 6:30, I can tell you it's not actual trading. Hope that helps. WN

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