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Strategies & Market Trends : After Hours Trading(ECN)-The Coming 24/7 Trading Explosion -- Ignore unavailable to you. Want to Upgrade?

To: Kelton who wrote (146)	4/12/1999 10:33:00 PM
From: Tai Jin	Respond to of 314

You should not put limit orders after hours that are above (below) the closing ask (bid) to buy (sell). If you do this you are just giving money away. When you place a limit order (assuming it isn't marketable) it is placed in the ISLD book and can be seen by anyone looking at the book. Use a stop limit order or set your limit to be at or below (above) the market price if you are buying (selling). But keep in mind that even before the open the price can change from the closing price due to any number of factors. The ISLD book is open from 9-5 (or maybe 4:30). ...tai