2007-02-23 04:40:33 · 5 answers · asked by mvalcin949 1 in Business & Finance ➔ Investing
A lot depends on how badly you want the stock. If you really want the stock you place your order to fill at market. If the stock is rising rapidly. That is the only way to assure yourself that you will fill.
Many times the market fluctuates quite a bit during the day and a stock might trade between a range of +- 0.25 to 0.50 or even more. If you are in no hurry to own the stock, placing an order at 0.25 below the market price might allow you to pick it up at a more favorable price.
Let's talk just a little bit about opening prices. If a flood of buy orders hit the market overnight the opening price might be highly inflated. My experience is that if the stock jumps at the opening for no apparent reason, chances are very good that it will return to a more normal price after the buys are filled.
2007-02-23 05:19:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It really does not matter, with that said it does matter if you are using trading software to analyze the market then you must remain consistent ie: either use open or closing prices not both....again it does not matter if you are making a long term investment, however if it is a day trade or swing trade (a few days) then you must be aware of news releases that are due to come out that may effect that security as well as support and resistance levels. That was the short answer, people have written entire books on the subject, good luck and happy trading.
2007-02-23 04:57:44 · answer #2 · answered by Eddie 1 · 0⤊ 0⤋
You are the bidder if you are buying. The asking price is coming from the seller.
However, most of us that buy and sell stock buy it at Market price so I'm not sure who you're bidding to.
2007-02-23 04:57:40 · answer #3 · answered by Faye H 6 · 0⤊ 0⤋
depend on you are going for long or for short term.
for long i don't think there is any problems be it yesterday or this morning. further more yesterday close might be higher than this morning.
but if you going for short, than of cause you must buy at it lowest. than again, most likely it something hot and will be moving fast and it come to the question are you in the front Q.
2007-02-23 05:01:18 · answer #4 · answered by Spidy Josh 2 · 0⤊ 0⤋
Which happened last? The market waits for no one.
2007-02-23 05:25:07 · answer #5 · answered by Rabbit 7 · 0⤊ 0⤋