Pre-open Window Dressing

[Neutral]

I'm sure there are others out there like me who would like to know what is the purpose and why do traders & investors window dress the pre-open market? (By window dressing I mean pre-open bids and offers that are way north or south of the last SP)

Cheers

 

[nomore4s]

I'm sure there are others out there like me who would like to know what is the purpose and why do traders & investors window dress the pre-open market? (By window dressing I mean pre-open bids and offers that are way north or south of the last SP)

Cheers

Sometimes just to guarentee the order goes through.

I'm sure there are other reasons as well.

 

[pan]

Maybe to entice others to follow their lead? Investors/traders may believe they have knowledge of news about the share price and therefore follow their lead.

 

[Neutral]

Maybe to entice others to follow their lead? Investors/traders may believe they have knowledge of news about the share price and therefore follow their lead.

Yeah we know they are trying to entice investors to either buy or sell...the novices especially. I think 90% of the time it has nothing to do with market information, but I could be wrong. This happens every morning at pre-open on most shares. These prices must be the maximum buy and minimum sell prices...is that right? (because the 'window' upper & lower bids and offers are never executed at the inflated/deflated price)

 

[captain black]

These bids and offers during the preopen and closing phase of the market are simply to guarantee that an order is filled at the open or close.

http://www.asx.com.au/resources/education/basics/open_Close.htm

 

[Neutral]

These bids and offers during the preopen and closing phase of the market are simply to guarantee that an order is filled at the open or close.

http://www.asx.com.au/resources/education/basics/open_Close.htm

Arghhh cheers Captain Black I noticed the indicative price as the term implies cannot be taken as gospel either.