Pay no attention to what happens before market opens and when it closes, as you have all kinds of idiots playing in that space. You have several types that engage in before and after hours trades.
First you have the push the price up / push the price down idiots. These guys are fairly easily recognised. They will place two orders at the exact same time, one to buy, one to sell. And it may look something like this.
1 Buyer 99,999 @ 0.016 - 1 Seller 100,000 @ 0.015
These are the worst kinds of assholes because they are deliberately trying to start the day low, or finish the day low giving the market the impression that there is dwindling interest in the stock. What is even worse is that they have manipulated the price that may have been at 0.016 and close the day at 0.015 while only really selling 1 single stock.
Now you and I can't do this, but for some reason they can, and they do it paying virtually no brokerage fees.
Then you have "the fluffers" these people put in orders they have no intention of selling or buying, but they try to trick the market into thinking that there is interest where there is little to none. They will do the no condom trick and pull out at the last moment.
Then you have the queue jumpers. These people have zero respect for you waiting in line and they play games by offering more money to get in front of you, but do so knowing that they are going to pay the lower price. I think these are computer controlled as they can can orders to get the lower price almost instantly. Best way to get caught paying more is to try and play with these queue jumpers.
If you are prepared to pay more, just wait until the market is open and buy them then.
Then you have genuine buyers / sellers. They are often very hard to spot, considering all the other games that are going on.
ECS Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
