Forum Archive Index - October 2001

["Carl Barlev" <carlbarlev@hotmail.com>]

Hey Dave,

I'm fairly new to share trading too. But I think it is due to 
bids/offers/quotes etc being made or amended while the exchange is closed. 
For example, a security might close a certain day at $2.40. If the lowest 
quote to sell then moves up to $2.46 (information through market-depth*)then 
a trader wishing to buy would have to place a bid at $2.46 to be sure of 
securing a trade at opening time the next morning.

* Market depth shows current bids/quotes and volumes. On the NZSE, this is 
only available through your broker. On other exchanges it is more readily 
available on the net.

Now somebody who actually knows something can correct the flaws/ mistakes in 
my answer...?

Carl

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