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Non-Tech : Bid /Ask Spreads - Market Manipulation
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To: Andrew White who wrote (90)10/6/1996 4:00:00 PM
From: Ray Jensen   of 308
 
Andy, your follow-up comments are on the mark about opening price gaps. Would you agree that is a bit risky for us common folks to send in our on-line orders at night for first bell opening transactions? Its kind of like a blind order, because we don't really know what the opening price is going to be. On Monday openings I think that is especially true, with lots of people making portfolio adjustments after studying their favorite information sources over the weekend. I prefer to wait for the surges to subside, and usually avoid buy orders on Monday mornings. On the other hand, if one is interesting in selling, putting in a sell order right after the opening bell might be a good way to pick up an extra hit in the price unless the stock you are trying to sell is headed down the tubes. Ray J.
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