My understanding of that is that it specifically relates to spreads- ie they are a mile wide to start the day off with a good lining to the pockets of the MM's. If the spreads are normal, I see no reason not to buy at 8am.....
I find that the first hour is best avoided primarily to establish a truer market trend and the poxy MM's uneccessary gap ups and downs.
I sometimes think these people worry themselves to death that some private investor might just nick a point or two when buying 1000 shares at 20p (close) instead of 22p gapped up.
But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.