Placing order after the market is closed

[medelm]

I have been here for a few months now reading and thought it was time to signup and ask some questions. I am new to the stock market and have never held any shares and just doing my research for potential in the future.

Quick question NDO (Nido Petroleum) have gone up some 10% today on the back of an annoucement of finding some 10billion plus oil barrels worth of oil. This annoucement was made last night and if an order was put in before the market opened would you of missed the majority of the rise? Does this mean the rise is an "overnight" rise and only buying before lcosign the day before is possible?

Thanks Guys and sorry about the silyl questions!

 

[Trembling Hand]

NDO opened today at 40 cents with the lowest price 39. You wouldn't of been filled with any order lower than 39 - 39.5 had you placed an order any time after yesterdays close.

 

[medelm]

Thanks Trembling Hand thats exactly what i thought would happen. BTW what program is that ?

 

[Whiskers]

NDO opened today at 40 cents with the lowest price 39. You wouldn't of been filled with any order lower than 39 - 39.5 had you placed an order any time after yesterdays close.

Open @ 42c I think TH.

If your order was placed 'at market' (which I rarely do) you would have guaranteed to get your order at opening price.

Actually, come to think of it I don't think you can place an order 'at market' until the market has opened.

EDIT: ie via net platform... unless you phone ordered through a broker maybe. Haven't done that for decades so not sure now.

 

[strudy]

Be very careful for quite often after the first initial flurry of orders placed overnight.(Usually impatient traders who are frightened of missing out.) the share price sometimes dips. I personally let the dust settle first and then look and see which way the stock is heading.
That way you don't get any nasty surprises.

Strudy