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Aftermarket activity is not a great indicator or what will happen the next day. I doubt it'll be up that much tomorrow
by jcdavis 12y ago
Aftermarket activity is not a great indicator or what will happen the next day. I doubt it'll be up that much tomorrow
- alexmr 12y agoIt may be a little less, but the volume is high enough (35M+) to be fairly indicative of tomorrow's opening price.
- arasmussen 12y agoActually in the case of earnings reports released after hours, aftermarket activity is an outstanding indicator of what will happen tomorrow.
- jonknee 12y agoUsually, but not always with fast moving momentum stocks like TWTR. The initial movement is triggered by algorithms that try and figure out if the earnings report was good or not. I remember an absolutely wild Facebook swing after an earnings statement that went from huge up to down the next day (once it was mentioned on the conference call that teen usage was down). There are going to be a ton of sellers tomorrow (if I had any shares I sure would), it will be interesting to watch. You know that some of the bears who got squeezed this afternoon are going to double down and be back on the hunt tomorrow.
- minimax 12y agoTWTR traded like 27M shares in the first hour after the close today, which is roughly equivalent to the average _daily_ volume. This was not prices getting pushed around in a thin market.
- Kiro 12y agoHow do you trade aftermarket?