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Your Questions About Nasdaq After Hours

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  • 1. Your Questions About Nasdaq After HoursRuth asks…What are Pre-market trading hours and After-market hours?In NASDAQ, what are the Pre-market trading hours and After-market hours? I guess buy/sellorder can be placed in this hours but execution can only take place in trading hours?Can anybody elucidate?Steve Winston answers:As for the hours, each exchange and ECN has their own trading times. I believe NASDAQ andNYSE Arca starts the pre-market session at 8:00AM and ends after-market at 5:00PM. ECNsgenerally have much longer trading hours, and the earliest begins at 4:15AM and ends at7:00PM.Like the two previous posters wrote, liquidity during pre and after-market hours tends to beextremely thin for most stocks. In generally, on the most liquid stocks and ETFs are tradedduring those times. 1 / 11
  • 2. Steven asks…Are Electronic Communications Networks / ECNs for Stock Marketopen 24/7 or is there times when they r closed?I am looking at GM stock charts on Nasdaq after hours but it does not show the date . I amthinking the chart is showing Wednesdays data since normal trading ended early plus it likelywas closed for Christmas. I will propbably have to wait for Pre-Market data. Is there other timeswhen institutional investors do not have access to ECNs?Steve Winston answers:No they are not open 24/7. For example Nasdaq extended trading is 8:00-9:30 AM EasternTime and 4:00-6:30 PM Eastern Time. 2 / 11
  • 3. Mark asks…"why isnt there one place to get after hours quotes"?"why isnt there one place to get after hours quotes" I go on yahoo I get one after hours quote.Then I go on Ameritrade I get another, and finally on go on the Nasdaq site and I get another.Steve Winston answers:The same reason there isnt one restaurant to go out for dinner...Im not sure I understand your question.///Richard asks… 3 / 11
  • 4. Daytrading in Pre/After Market Hours?I have a brokerage account with a balance under $25,000 and so can only execute 3DAY-trades within 5 business days or I will be deemed a pattern daytrader and will receive amargin call per dow/nasdaq rules. My question is, does this apply to trading in pre/after markethours? Essentially, if I buy shares during premarket hours and sell them after the marketopens is this considered a daytrade?Steve Winston answers:Basically, yes.Premarket trades are counted as occurring on the day they are executed. Check with yourbroker to see how they handle after hours trades.Chris asks… 4 / 11
  • 5. Stock Market Game related to actual stock market.?In economics class, we play the Stock Market Game created by University of Georgia. In thegame, we start with 10k and have to invest it, but what most students do is just checkhttp://dynamic.nasdaq.com/dynamic/afterhourma.stm for the most active after hours, buy theone that goes up the most, and sell it the second it goes up. The real stock market isnt like thisis it? If it is, why isnt everyone incredibly wealthy?the site is stocksquest.coe.uga.eduThe game takes a 10 dollar trade fee. It opens and closes at normal stock market times. I thinkthe biggest difference that I can find (given, I know very little about stocks) is that the gameworks on a ten minute delay, I believe.Steve Winston answers:Taxes, commissions, etc. Are all good points, but there is a fundamental problem with your idea.There is a little ambiguity in what you wrote. You said that the students: "buy the one that goesup the most (in after hours)". Well, how do know which one has gone up the most in after hours,unless the after hours market is CLOSED?If it is closed, then they have to buy in the MORNING. There are basically two ways toaccomplish this:1) With a Limit order (in which you set your maximum price). If the price you set is too low, yourorder wont get filled. If the price is too high, you reduce your chance for profit.2) With a Market order, you basically are saying: "I dont care what it costs, I just want thestock." You can obviously see the problems with this approach for day trading. If your theory iscorrect, this price will likely be much higher than the afterhours price.Of course, you are also making the assumption that the stock will always be higher the nextday, which is quite a risk.Update: Did you say that the game has a ten minute delay? So when you put an order in, doyou get the 10-minute delayed price? If so, thats is COMPLETELY RIDCULOUS, because youcan make decisions based on future (10-minute) values. How can you make a wrong decision,unless you have to keep the stock for at least 24 hours? Based on that info, my answer is: "No, 5 / 11
  • 6. the real stock market will not let you purchase stocks based on what their value 10 minutesearlier was."Carol asks…Any Seagate profit sharing rumours?Can you guess the correct amount of hours paid to seagate employees via profit sharing.Itshould be announced tonight at close of nasdaq market.10 points for closest guess. noguesses after 10pm GMTSteve Winston answers:Yeah Not a good year No bonuses I m afraid 6 / 11
  • 7. Betty asks…can SOME1 EXPLAIN THIS PLEASE?? =]PLS EXPLAIN LONG BUTUNDERSTANDABLE AND EXPLAINABLE.?PLS EXPLAIN LONG BUT UNDERSTANDABLE AND EXPLAINABLE.! =]Recession fears slam stocks:NEW YORK (CNNMoney.com) -- Stocks tumbled Friday morning after AIGs record loss andweak readings on manufacturing and consumer sentiment revived recession fears.Adding to the downbeat sentiment were record-high oil prices, the slumping dollar and reportsthat a rescue of bond insurer Ambac has hit some roadblocks.Roughly two hours into the session, the Dow Jones industrial average (INDU), the broaderStandard & Poors 500 (SPX) index and the Nasdaq composite (COMP) all fell at least 1.7%.AIG (AIG, Fortune 500) reported a steep $5.3 billion quarterly loss after the market closeThursday and said it took an $11 billion writedown related to big losses in investments tied tobad mortgage bets. Shares of the Dow component tumbled 7% Friday.Also late Thursday, Dell (DELL, Fortune 500) reported quarterly profit that fell from a year agoand missed estimates, due to a number of charges it took in the quarter. The company was alsocautious on its outlook, saying it was seeing some large customers holding back on purchases.Shares dipped 1.5% Friday.CNBC reported that a proposed bailout of troubled bond insurer Ambac Financial has hit somesignificant snags, sending Ambac (ABK) shares 7.5% lower and adding to economic worries.Meanwhile, investor Wilbur Ross said he was injecting up to $1 billion in bond insurer AssuredGuaranty (AGO), whose stock climbed 14%.Economic news mostly negative. The Chicago PMI, a report on manufacturing in the Midwest,fell more than expected, falling to 44.5 in February from 51.5 in the previous month, a more thansix-year low. Economists thought it would fall to 49.5. Any number below 50 indicates weaknessin the sector.The University of Michigans consumer sentiment index was revised up slightly to 70.8 inFebruary from an earlier read of 69.6, the lowest level since the early 1990s. Sentiment stood at78 in January.Both personal income and personal spending rose more than expected in January, theCommerce Department reported. But the report pointed to signs of inflation pressure. 7 / 11
  • 8. Income rose 0.3% after rising 0.5% in December. Economists surveyed by Briefing.com thoughtincome would rise 0.2%. Spending rose 0.4% after rising 0.3% in December, versusexpectations for a rise of 0.2%.Core PCE, the reports inflation component, rose 0.3%, as expected, after rising 0.2% inDecember. But the measure, which tracks prices paid by consumers for goods other than foodand energy, rose 2.2% versus a year ago. Thats above the 1% to 2% range for that indicatorthat the Federal Reserve is said to prefer.The Fed has cut interest rates steadily since September, leaving the fed funds rate, a key banklending rate, at 3%. Wall Streeters expect the bank to cut rates by another half-percentage pointat the upcoming meeting on March 18.However, in recent congressional testimony, Fed Chairman Ben Bernanke indicated that risinginflation was making it harder for the Fed to continue cutting rates to stimulate the sluggisheconomy.On the move. Stocks declines were broad based, with all 30 Dow components sliding, led byAIG. Other big losers included Citigroup (C, Fortune 500), JP Morgan (JPM, Fortune 500) andAmerican Express (AXP, Fortune 500).Elsewhere in the financial sector, MF Global (MF) slumped 20% in active trade, falling for asecond session after admitting it lost $141.5 million after a rogue trader made unauthorizedbets. Goldman Sachs, Credit Suisse and UBS all downgraded the stock and Moodys and S&Pcut their ratings on the companys debt Friday.Among other movers, shares of R.H. Donnelley (RHD) plunged for a second session after BearStearns and Deutsche Securities downgraded the stock of the phone book publisher and searchengine operator. R.H. Donnelley slumped Thursday as well after reporting fourth-quarterearnings that missed forecasts and issuing a first-quarter outlook that is shy of expectations.Market breadth was negative. On the New York Stock Exchange, losers topped winners four toone on volume of 650 million shares. On the Nasdaq, decliners topped advancers five to two onvolume of 1.07 billion shares.Other markets. U.S. light crude oil for April delivery fell 64 cents to $101.95 a barrel on the NewYork Mercantile Exchange, after ending the previous session at a record close of $102.59. Thefront-month contract touched a new trading high of $103.05 in electronic trading.COMEX gold for April delivery fell $1 to $966.50 an ounce.Treasury prices rallied, lowering the yield on the benchmark 10-year note to 3.57% from 3.66%late Thursday. Bond prices and yields move in opposite directions.In currency trading, the dollar touched a fresh all-time low versus the euro before recovering abit. The greenback hit a three-year low against the yen. 8 / 11
  • 9. Steve Winston answers:Ill summarize it. We are now in a recession. When that happens...1- Gold goes up due to inflation. It was down, but still is high at $900+ an ounce.2- Stocks go down, because our jobs /economy is down, so companies cant earn the big bucksbecause people dont have jobs or money to spend.3- Dollar is declining because its not worth anything because we keep lowering interest ratesduring inflation.4- Our GDP is down...which means our economy is not growing.Summary- we are in trouble!!!!Mandy asks…What happened in your year of birth?For example: 1971 Richard Nixon is president of the USCharles Manson and 3 of his followers are convicted of multiple counts of first-degree murderAn earthquake in Californias San Fernando Valley kills 64 peopleNew York Times begins publication of classified Pentagon papers on US involvement inVietnam 9 / 11
  • 10. The $70 million Kennedy Center opens in Washington, DCA four day revolt at New Yorks Attica state prison ends after being stormed by 1000 statetroopersA new stock-market index called the Nasdaq debutsWalt Disney World opensIntel releases worlds first microprocessor, the 4004Ray Tomlinson sends the first e-mailLibertarian party established in USAKid Rock, Denise Richards, Sean Astin, Winona Ryder, and Ricky Martin are bornPittsburgh Pirates win the World SeriesBaltimore Colts win Superbowl VMontreal Canadiens win the Stanley CupThe Bell Jar by Sylvia Plath is publishedThe Sonny and Cher Comedy Hour premeires on television"Bridge Over Troubled Water" by Simon & Garfunkel wins Grammy for song of the yearAll in the Family premieresGive the year also pleaseSteve Winston answers:1991 10 / 11
  • 11. January 4 - The United Nations Security Council votes unanimously to condemn Israels treatment of Palestinians. Nobel prizes Physics - Pierre-Gilles de Gennes Chemistry - Richard R. Ernst Medicine - Erwin Neher, Bert Sakmann Literature - Nadine Gordimer Peace - Aung San Suu Kyi Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel Ronald Coase Powered by Yahoo! Answers Read More… 11 / 11Powered by TCPDF (www.tcpdf.org)