Cyberian Outpost (Symbol: COOL) Message Board

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Technology Stocks : Cyberian Outpost (Symbol: COOL)

COOL 0.103

+10.6%

Sep 5 5:00 PM EST

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To: Smiley who wrote (577)	12/20/1998 8:07:00 PM
From: Todd Pagel	Read Replies (1) of 1932

Joe... It is always dangerous to buy a stock with a pre-open order, as after-hours trading may have driven the price up even further than the official close. This happens especially on good surges. These afterhours traders rely on the momentum to carry forward to the next trading day. Many fledgling investors believe a stock will open and just keep going from where it left off the day before. The after-hours guys just step in then, take their profits, and the price dips. IMHO, it is preferable to see if that is what is happening to a stock, instead of investing blindly. Say you invested online right now with an order to buy at the bell with a market order. You think it closed at 31 but, due to afterhours trading, it opens at 34 or 35. You slap your head, the other guys take some profit, and then the price falls to where it should really be, and you are out-of-the-money on the day. Doesn't always happen, but ya never know. Go to Quotes.com live charts at the end of the day to see some of the after-hour trades (shown in black as Form T trades). Long post for a short answer. Hope it helps...

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