The fact is that traders are sooo paranoid they are the biggest chickens ive ever seen in my life.
This is exaggerated but some of what I see.
US unemployment drops to lowest level since 2008.
NYSE down after uncertainty in europe as a factory lays off 1 employee.
The other thing about the markets that is so annoying is in pre market trading.
Stock closes at lets say $2.60 in early morning the Bid is like $2.49 and the Ask is $2.78
Getting closer to open the Ask people see that the Bid is still $2.49 they freak out and drop the ask price to $2.60..... Bid people move up to $2.52 ask figures thats a great deal and sells it to them at $2.52 stock opens down .08 cents and then climbs back up to $2.60.
I just dont understand why the ASK people always get so scared and lower their price even below the last closing price. Based on no news and markets being up the last couple of days.
This is exaggerated but some of what I see.
US unemployment drops to lowest level since 2008.
NYSE down after uncertainty in europe as a factory lays off 1 employee.
The other thing about the markets that is so annoying is in pre market trading.
Stock closes at lets say $2.60 in early morning the Bid is like $2.49 and the Ask is $2.78
Getting closer to open the Ask people see that the Bid is still $2.49 they freak out and drop the ask price to $2.60..... Bid people move up to $2.52 ask figures thats a great deal and sells it to them at $2.52 stock opens down .08 cents and then climbs back up to $2.60.
I just dont understand why the ASK people always get so scared and lower their price even below the last closing price. Based on no news and markets being up the last couple of days.