GREY:CCZFF - Post by User
Comment by
littleguy21on Mar 11, 2010 7:51am
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Post# 16869469
RE: WHY WILL IT GO DOWN TO-DAY
RE: WHY WILL IT GO DOWN TO-DAYOk i'll explain for the slow ones why a stock closes down sometimes at end of day.
You hold a postion of 5000 shares and you what to close it out. You have 4000 sold at .80 but you have 1000 that aren't closed. For total of 5k. Bids are lower then .80 like .75 . You dump the last 1000 at market to close the trade and save commission cost on just 1000 shares left over . Or worse you only have 500 shares left. And the trading day is coming to a end. Thats why you see the final trade of day at 500 shares many times with any stock you own.
Sorry to the others here that i had to clear the air to what is real reason a stock closes down right at end of day.
I won't say anymore i feel foolish enough having to point it out .
Littleguy