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Strategies & Market Trends : Analyze The Trade: Home of the T/A Archive

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To: aldrums who wrote (223)	3/13/2002 4:30:04 PM
From: Ta_Bo	of 232

The specialist did open LU at 5.25. So all our limit orders and their shares were put into the equation, and filled into the opening price. When trading NASDAQ issues, your limit orders out at target levels will often be filled pre-market. On the NYSE however, the specialist is controlling the open, and will fill all the orders that have been triggered by the gap at the opening price. That was a nice one huh? I thought it would have a sharp drop, but that gap was a nice gift. About a 3 to 1 outcome. Good Luck and Good Trading! -Bo

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