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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: xcr600 who wrote (3743)1/12/1999 9:55:00 PM
From: ilh1  Read Replies (2) of 122087
 
xcr600, I have learned NOT to place pre-market sell orders.

When you do it before the market opens, the MM sees it and will always drop the price down lower than normal.

Then once they are done getting your shares at the lowest walk down point, the price will suddenly rise again.....And you know you have been cheated.

(If you have live quotes, you can see them do it. Just enter a sell order before market opens and watch the bid adjust down, then remove it before market opens and you will see it go back up.......)

(I learned that costly lesson on OMKT a few months back.)

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