RE:RE:Canadian Premarket is a tool used by shortsPlantManager013 wrote: I remember seeing one such bid of over 8$ for Hydropothecary back in December. Obviously, that bir disappeared just befor the open and the stock traded for 4 $.
Bwayne420 wrote: For any newer investor out there the Canadian Premarket quote is a joke.
what happens is shorts dump a bunch of lowball bid and asks in. These trades are all small amounts but make the market look like it’s going to drop. Pumpers also use this to go the other way.
Then with say 30sec left before the markets open the orders all disappear.
do not get caught! It becomes obvious when they start posting on the boards about a sell off based on Premarket.
I also agree that Canadian premarket is a joke, they can cancel all bids/asks anytime they want. NYSE is a bit of a different story, especially when there is a huge volume and in addition, there is a so called 'freeze period' between 9.29 and 9.30 so you can already see at 9.29 what the open is going to be.
Bibi