Interesting reply pip but for your argument to hold wouldn't the stock have opened with a downward gap?  It opened where it closed yesterday and I stayed at that level until almost 11 a.m..  It therefore had nothing to do with end of day closing outs and therefore offered no opportunity for stinkers.  I have been invested in this company for 2 years and have seen the pattern I describe time and time again since the insiders began accumulating in July 2012.  As for the ways of the market with the asks/bids and ranges I would hope most readers already have a good understanding of how the market functions and are not in need of such insight.