Jhende...you can trade just about any stock after hours...you utilize an ECN service such as INCA, or ISLD or REDI and you simply need to find a market for your stock. By market, I mean a contra side...a buyer and seller comprise a market...you might want to buy at x but if you cant find a seller at x, it cant happen.
How does it affect the opening price? well, there is a feeling that if a stock had news, earnings, and it trades up or down from its close, it is more likely that it will open in that direction. Will it open as high as what it traded in after hours? Will it open down even if it traded up after hours..? look at yahoo the other day...traded up2 after earnings after hours...open down 10 the next morning.
Its a gamble , like any others, one I raarely recommend. YOu can win a ton or lose a ton. You have to understand the risks associated with it.
Also, understand that the contra firm after hours, unless you can find another retail investors, probably is smart, heavier money. If MLCO is willing to sell you INTC after hours, becareful. They might know they have a 1/2 million share order to liquidate in the morning.
Regards,
Steve@yamner.com |
