I don't day trade but of course we like to be up on 1st day of purchase.. Trying to be too clever today putting in a low Buy order at 15:59.
With US down last night, AU following, international tensions, I thought there would be reluctance for many to hold over the weekend. So I expected a drop late afternoon, and also the 15:59 prices would be higher than the 10 min post 4:00pm prices. Nope, BHP closed up.20c on the 4:00pm price. Missed out.
Would be interesting to plot: difference between 4pm and official closing price (+/-) and share movement that day (+/-) and look for a correlation (perhaps reverse correlation as today). Anyone done that?