1. Most Discussed
  2. Gainers & Losers

help: when placing order pre-market.

  1. markco

    852 Posts.

    Wonder if someone could shed some light re: placing a Bid just before the market opens.

    A number of times I have put a bid in just before the market opens at 10am and above the current price to go to the top of the que. This has worked in my favour on a number of occasions especially when I was pretty certain the stock was heading north. I would bid high to get to the top and would get the average Buying price at Open rather than sit in the que waiting for the price to drop back down.

    I know at 10am the clearing system deals with each stock alphabeticly:

    Example: A - G from 10 - 10:05
    H - M from 10:06 - 10:09

    Now, what happens with the people who try to outbid me in the que just after 10am???

    Is there Bid included as part of the clearing system auction? If they are, does that mean I can still amend an order after 10am to get back to the top of the que providing the stock I am aiming to purchase fits within the designated timeframe?

    Would appreciate your feedback.

    Cheers markco

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.