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CAN ANYONE TELL ME ?
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Who in the world can tell me who fills in the opening stock price on every stock in every market everyday ? I really don't want to meet this person or computer programmer or whoever but what are they thinking. Where does this stuff come from ? A stock closes at say $100 then has good news all night or no news at all and opens at $85. I am nearly bald over this. Right now, some stock prices are lower than if you just sold all the assets of the company you would have more in cash than if you sold all the stock ? Am I the only one that wants to know or are there more out there ? Are these decisions made on opinion or numbers or some immpossible calculation. Please comment on this as I don't need a complete explanation as just put some sense to it. If it is just buying and selling something is out of wack here. I have seen stocks get bought up then sell maybe 1/3 and the price drops 1/2 the gain. Is there an average stock buy to sell ratio that makes the numbers ? I am telling you I have no idea.. If you do please blog about it. Thank you so much, Timeismoney | ||
Comments (1)
Ric:
I would like to know of your specific situation regarding your trading. The things that happen with marketocracy are a little different than what happens in "real life". I am getting set to blog about a similar situation that happened to me recently, but I am waiting for marketocracy to respond to me before blogging about it. Normally, in the real world, there is an ask price and a bid price. The ask is what holders of the shares want to sell it for and the bid is what buyers want to buy it for. Asks and Bids are are as different and as unique as the trades themselves. Once a bid from a buyer meets or exceeds the ask of a seller, a trade takes place. That being said, you can lose big or gain big in marketocracy depending on the sitiuation. I recently got burned by $40,000 in less than 30 seconds in a trade that never would have happened in real life. I'll detail it in a n upcoming blog, regardless of what marketocracy says to me, in about 2-3 weeks. Until then, let me know your specific situation. In the meantime, always always always make sure you use a limit price in your buy and sell orders. That way, you get to determine the price, and if it doesn't reach your limit, then no trade takes place and all is well. Until then, keep on fighting
Jonathan
Posted by Jonathan Coyle | January 28, 2008 7:50 PM