The Final Frontier - Online Remote Trading Message Board

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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: Dan Duchardt who wrote (7673)	9/16/1999 7:42:00 PM
From: Rick Faurot	of 12617

The pro traders (dealers) have patented game going on that is a license to print money. This has to do with the large amount of orders that come into brokerages after the market closes and are not processed until the open. The dealers make a fortune off this and it represents a big chunk of their daily volume. The fact that they can do so much with the prices within this overnight order flow is the reason a lot of traders like to just watch the first twenty minutes after the open until these overnight orders get done. Until then the dealers are busy running the stocks up and down to get the most mileage out of their retail trade. The comparatively tiny trickle of trading in the premarket has little or no effect on what the big guys do. They are fully in control at the open and it will be a long long time before they will give it up. I agree that premarket and postmarket trading will grow gradually. All of us daytraders are watching this closely to see if there's anything worth doing during these time frames. When there is, I'm sure we'll be there. best regards, Rick

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