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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (116298)	5/30/2008 6:31:49 PM
From: robnhood	Read Replies (1) \| Respond to of 313536

I already told you RR. 4.10 is when the Market On Close orders trade. These orders are entered into a blind cue. The imbalances are shown at 3:40, and anyone can enter opposing orders in the blind cue up until 4:00. At 4:10 the trades take place at whatever price that all MOC orders can be filled. These MOC orders must be filled in their entirety. I think there is a 10% limit on how far away from the 4:00 price that they will allow a trade. From then until 5:00 the stocks can trade but only at that price which was set at 4:10. For example, on tonight's MOC orders I saw 100,000 ARU to buy, and 2.25 million TD to buy. These orders had to be filled at 4:10, and all at one price. I am going to go now and see where they closed. Just looked--- both stocks closed at about the same price that they were trading at at the bell.