RE: Another after hours trade today at 4:10 I don t like it that much because it can distort the closing share price & only institutions can participate in DIRECT MOC orders to the specialist/ market book. All open orders even retail orders placed before close in that range are filled.
MOC is a FACT. I do trade it if the amount is substantial, most of the times it works. There are time that the stock closes even lower on a large buy order & vice versa. A few investors trade it because the price reacts the movement the MOC position is posted.