Bid Higher than Ask

This is a discussion on Bid Higher than Ask within the Technical Analysis forums, part of the Methods category; I've noticed this a couple of times where stocks gap up overnight, and for a few minutes before official opening ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Jun 16, 2004, 4:39pm   #1
Fox
 
Fox's Avatar
 
5 Posts
Joined Dec 2003
Bid Higher than Ask

I've noticed this a couple of times where stocks gap up overnight, and for a few minutes before official opening the bid is higher than the ask.

Is there a way of taking advantage of this situation?

Fox
Attached Thumbnails
cybx.jpg  
Fox is offline   Reply With Quote
Old Jun 16, 2004, 4:45pm   #2
Joined Apr 2004
Sorry, thats not a trading opportunity. Market makers are not required to refresh their quotes until the market opens. Try to hit any of those bids and you will find that they are not good. You will see those bad bids or asks in the premarket pretty much everyday.

The only quotes that are valid pre-market are the ECNs.
bigtimetrader is offline   Reply With Quote
Old Jun 16, 2004, 4:56pm   #3
 
oatman's Avatar
Joined Feb 2003
What a pity, I was going to say "do some for me"
__________________
Every market has a bottom, every bottom has a hole in it.
oatman is offline   Reply With Quote
Old Jun 16, 2004, 5:07pm   #4
 
SOCRATES's Avatar
Joined Apr 2004
Quote:
Originally Posted by bigtimetrader
Sorry, thats not a trading opportunity. Market makers are not required to refresh their quotes until the market opens. Try to hit any of those bids and you will find that they are not good. You will see those bad bids or asks in the premarket pretty much everyday.

The only quotes that are valid pre-market are the ECNs.
Also you will see these anomalies briefly from time to time in a live market.
SOCRATES is offline   Reply With Quote
Old Jun 16, 2004, 5:11pm   #5
The Staff are paid members that perform various roles such as editorial, advertising, support or technical work.
 
Trader333's Avatar
Joined Jan 2003
The only true "Bid and Ask" values that you can transact against pre-market are the ones with a little # before their name which in this case is #arca who is quoting a best Bid of $31.03 and a best Ask of $31.14 So unfortunately no opportunity for profit there unless you try to capture the spread which is risky.


Paul
Trader333 is offline   Reply With Quote
Old Jun 16, 2004, 5:14pm   #6
 
oatman's Avatar
Joined Feb 2003
Fast market:
http://www.ameritrade.com/educationv...fastmkts.fhtml
__________________
Every market has a bottom, every bottom has a hole in it.
oatman is offline   Reply With Quote
Old Jun 17, 2004, 1:58pm   #7
Fox
 
Fox's Avatar
 
5 Posts
Joined Dec 2003
Wink Re: Bid Higher than Ask

Fox started this thread Many thanks for the help and feedback on this issue.

Fox.
Fox is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
XMSR - hold your horses..she’s going higher oldschoolwaver Stocks 1 Jul 13, 2006 8:42pm
EURUSD would go higher in the next two or tree week TWI Forex 26 Mar 3, 2006 1:53pm
Higher rate taxpayer osho67 The Foyer 8 Aug 28, 2003 2:25pm
Getting Set To Move Higher bigblue Indices 64 Dec 10, 2002 3:31pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)