Some of this is covered in "The Playbook", some in the regular letter.

This can be painful.  It was painful for me to think it happened to one of my subscribers, but it may have.

To some extent, this small group of investment speculators have gottne some collective scars inflicted upon  us by some very unscrupulous people, with whom I always have a bone to pick, or I would not write for DenaliguideSummit.

One group I am afraid we may have encountered today is MARKET MAKERS.   Quite simply if MARKET ORDERS TO BUY OR SELL are entered before the open, the investors placing them can be victimized.

An example called to my attention by a subscriber whom I shall call NED, IM'ed me as I was composing PPP # 1224,  that a pick, QBC had opened UP at 1.08, whislts closing the night before at .78, up about 38%   OUCH !!  Ouch because it then fell back to .81.  I selected this stock this week, as IMO, it is ready to run. Guess the Market Maker thought so too.  The order to open was less than 5,000 shares, an amount affordable by most of us, and IF it was all on the BUY side and little or nothing showing on the SELL side, well the Market Maker could take it where they wanted ! ! ! !  That is my analysis.

I think the stock will surpass 1.08, as that is about its old high of 1.21, but it spend some time at 1.08 as well.

Moral to this story is watch the open or wait an hour, then find the ask, and  IMO, then the best thing to do is set a  limit buy order at the ASK if you want the stock. Using a market order will get you skinned 95% of the time.