Level II: Odd trade

[wjrusnak]

All,

Forgive me if this is common. I am new the Level II.
I noticed +3point trade after hours in Continental Resources [CLR]. Every trade before it was 3 points lower (check out the picture). It stood alone and ended up being the last trade so far in the extended hours. What is this? And why is google the only one recognizing this new price of 52.55? By the way, it closed at 48.07. Finally, Yahoo claims after hours price is 49.51. Any ideas?

- Bill

 

[-- Darth Trader --]

After hours trading is an illiquid environment, so if someone buys or sells "at the market" they risk getting assassin slippage like the one you've shown. If you trade after hours, ALWAYS use limit orders and forget about placing physical stop loss orders unless you want your head handed to you on a silver platter.