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Re: mrnutsandbolts post# 5937

Sunday, 12/14/2014 9:58:08 PM

Sunday, December 14, 2014 9:58:08 PM

Post# of 20056
It is quite easy even with your rose coloured glasses. The closing price at one days trade is the actual sale price or the value of the stock at that particular time. The companies market value is not determined on the bid or asking price of a share.

The bid and the asking price are completely different and do NOT necessarily reflect an actual price for a share. For example one or two weeks ago the bid price was .01 and the asking price was around .045 - subsequently the days trade did not reflect these prices at all.
So whether I am a Wall Street stockbroker or not, one thing I do know is that when a stock for no reason at all (i.e, no announcements) go from almost no stock trades for days on end then doubles in share price with volume from 6,000 one day to 155,000 to 354,0000 in a space of a day or two...then I can tell you right now, I am going to look at why?
So please ... since you are obviously the smarter of the two of us, tell me exactly how that occurred and try not to repeat utterances that do not make sense or just blindly defend.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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