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No. of Recommendations: 4
The people who hve learned how to play the "After hours" market will put in a bid of .01 and usually a sale of twice the closing price. That way if anyone is stupid enough to put in a sell order or a buy order "At the Market" in afterhours trading they will find to their sorrow that they gave their stock away or bought some at 2x the "real" asking price. The same thing can happen if you put in a "Stop" order and the stock hits your "Stop" right at closing. "Stop Limit " orders are the only way to prevent it. Schwab was good enough to warn me on that kind of transaction when I tried to do it. They saved me a bundle in education costs. If you don't know about this kind of stuff you better not sell "on-line".
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