Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Knighty Tin who wrote (281)	8/4/1996 12:07:00 AM
From: Dennis Gallagher	of 132070

H i Michael, this is, I beleive, a real newby question. Let's say a stock closes at 10 on Friday and I think it is going to go up Monday. If I put in a market order to buy it over the weekend, am I taking a chance? My fear is based on the idea I have that the market price as we open on Monday is NOT linked to the price as we closed on Friday so if I put out a buy order for X shares at market that is sitting there ready to go as we open on Monday, what if some wise old codger goes trolling for people like me and puts up a lot of shares for, say, 12. Am I in danger of buying at 12 just because his was the first sell order up and mine was the first buy? I guess to ask this more directly, how is the opening market price determined. Dennis Gallagher

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next