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Technology Stocks : Cyberian Outpost (Symbol: COOL) -- Ignore unavailable to you. Want to Upgrade?


To: Smiley who wrote (577)12/20/1998 7:57:00 PM
From: TWICK  Respond to of 1932
 
Joe. I would turn on CNBC before the market opens and see what the futures tell you. I would also listen to Maria's pre-market report to see if there's anything out there that could upset or improve the open of the markets and the rest of the day. I would say that the Barron's Internet report will be a positive for the Tech Sector in general. As far as COOL is concerned, that will be hard to gauge if you don't have access to pre-market and real-time price/sales info. Best advise I can give, is to watch and see what the bid and ask is 5 minutes before the open. You will be able to make a better determination if you should wait 20-40 minutes for the day traders to take profit or buy right at the open. Either way, DO NOT place a market order unless you're selling. ALWAYS buy with Limit orders, especially during an Internut rally like this.

TWICK

P.S. for a cheap, real-time source, check out naq.com For as little as $48 a month, you get a great wealth of accurate, and timely real-time info. Not as fancy as Signal Online, or DBCC, but if you know what you're doing, it's easily worth the price.

Good luck

TWICK



To: Smiley who wrote (577)12/20/1998 8:07:00 PM
From: Todd Pagel  Read Replies (1) | Respond to 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...



To: Smiley who wrote (577)12/20/1998 8:23:00 PM
From: Stephen  Respond to of 1932
 
Joe, I can't advise you to put an order in now to buy at the open .....thats really dangerous. But if there's little change from Friday's close at the open, I would buy straight away. Personally I expect it to gap-up somewhat but, I have no idea how much. If its strong at the opening, I'd wait for weakness. Try checking the early trades to see what the bid ask is and judge what bid you might have to put in before opening to secure a position. Put a limit bid in - if it hits, fine, you got the stock at the price you wanted, if not, no harm done and if the stock then weakens, your order will get filled anyway. If you want in badly and it opens high, you could establish half the position you want - even if it potentially costs twice the commission to achieve. This isn't an all or nothing game.
I hope this makes sense ... if not please let me know

Regards

Stephen