After Hours Trading(ECN)-The Coming 24/7 Trading Explosion Message Board

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Strategies & Market Trends : After Hours Trading(ECN)-The Coming 24/7 Trading Explosion

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To: brec who wrote (49)	4/9/1999 10:29:00 PM
From: Lola	Read Replies (1) of 314

Answer to your question. If Jane Doe wants to buy a stock which last traded at $100 but the best offer (ask) in the computer is $125. She can do three things. 1. She can place an order at a lower price and see if anyone takes/matches her order (that's what I would do in most cases where I think the current ask is unreasonable) In a stock that is not liquid, it could take some time. 2. After placing a lower bid she could wait and see if her bid entices another seller to put in an ask between her bid and the current ask. If that happens, she should change her order to the new lower ask to get filled. She would have to change her limit order to match the new ask though to make this happen. I use this strategy often. 3. If she doesn't want to wait, then her only option is to buy at $125. Lola

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