Commentary: How To Keep The Little Guy In The LoopToddi Gutner
After a volatile day of trading on July 16, Intel's stock closed at $70 a share. Then, an hour later, the chipmaker announced better than expected quarterly earnings. Institutional investors rushed to trade the stock in the so-called aftermarket, and the stock opened the following morning at $74. That was nice for big money managers, who were able to take advantage of the late-breaking information. But for individuals, the news came late. They had virtually no way to participate in the aftermarket, which consists of negotiated trades over electronic exchanges accessible only to brokers and institutions. By the time the stock opened on July 17, individuals had lost their chance to ride Intel Corp.'s stock up on the good news.
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