howdy powpow
the reason for the 11:30 wait...
1. brokers have meetings generally until 10:30- 11:00 and come do what they will on the market after 11:30.
they are the supposed experts and in some cases dictate where the SP ends up....better to follow thier lead than an uninformed d trader who just follows the ripples up n down...as do the herds.
2. Spec stocks....and even more so FDL due to its trading pattern always has whispers of anns, gossip etc, quick jump, as quick falls.
These more often than not start to occur "on open" and the smart buggers......maybe the brokers or insiders tend to sell into the morning rise......and rebuy at 11:30 when the SP has settled.
There are other reasons which I could write a novel here on....but in a very basic nutshell....these are just a couple of my resons for doing so.
Same goes for selling......sell at open for the above resons at the high or before 2:30pm.......by 3pm onwards the d traders....nervous nellys have to sell by 4pm and you will sell at a lower price.
cheers.
FDL
flinders diamonds limited
