|
PureBytes Links
Trading Reference Links
|
Al,
Doesn't PT Discount advertise that they can enter an order on instinet?
At 01:19 PM 2/4/98 -0600, you wrote:
>No, I do not. However, I check each evening with http:\\www.bloomberg.com
>and each morning with cbs.marketwatch.com. At the cbs site, access the
>link: headlines. This will take you to most of the headlines of the day.
>This starts at 7.30 am. I am not certain, but I believe Reuters own the
>Instinet network. Try doing a search from Alta Vista.
>
>Al Taglavore
>
>----------
>> From: Barry Robbins <brobbins@xxxxxxxxxxxx>
>> To: Al Taglavore <altag@xxxxxxxxxxxx>
>> Cc: diamond@xxxxxxxxxxxx; MetaStock-list <metastock-list@xxxxxxxxxxxxx>
>> Subject: Re: After Market Closes Trading
>> Date: Wednesday, February 04, 1998 12:54 PM
>>
>> Do you know of a resource to see the after-market instinet trades that
>have taken place?
>>
>> At 12:54 PM 2/4/98 -0600, Al Taglavore wrote:
>> >Nothing shady. Stocks trade aftermarket on Instinet, which is a
>privately
>> >operated computer only trading entity. Just like if I wanted to sell
>you
>> >some stock at an offer price and you accepted it. Bonds, currencies,
>and
>> >the S&P trade on Globex almost 24 hours a day. Most all major world
>> >exchanges have after hour trading. As to your friends stop order. A
>stop
>> >order becomes a market order when the security trades at or thru the
>stop
>> >price. Therefore, when the market opened gap down, your friends order
>was
>> >treated as a market order and filled at the price prevalent at the time.
>> >This can happen any time a security opens gap down from the previous
>> >regular session market close. If your friend did not choose to sell at
>the
>> >market open, (CNBC had widely announced the earnings disappointment) he
>> >could have cancelled the stop BEFORE the market opened. I have been
>there
>> >several times. Treat it as tuition.
>> >
>> >Al Taglavore
>> >
>> >----------
>> >> From: diamond <diamond@xxxxxxxxxxxx>
>> >> To: MetaStock-list <metastock-list@xxxxxxxxxxxxx>
>> >> Subject: After Market Closes Trading
>> >> Date: Wednesday, February 04, 1998 9:47 AM
>> >>
>> >> A friend of mine bought 2000 shares of IOM at $12.25. He put in a stop
>> >> loss. Because of a 2 cent dividend loss, the stock dropped to about
>$8.00
>> >> in one day and he lost about $8000. The thing I don't understand, is
>that
>> >> it was traded after hours. My friends stop-loss was useless.
>> >>
>> >> Can someone verity this? Can stocks be traded after wall street has
>> >closed
>> >> for the day? Is the stop-loss only good during market open hours?
>> >>
>> >> I can't seem to find anyone in my area who knows about after hours
>> >> trading.* I thought all trading stopped after the market closed. It
>does
>> >> seem a bit shady if it is true. It gives someone somewhere a big
>> >advantage.
>> >>
>> >> Regards
>> >> Zane Koir
>> >> Abilene, Texas
>> >> *
>> >>
>> >
>> >
>> >
>
Thanks,
David Pope
|