Tuesday, January 06, 2015 4:34:59 PM
Since the online brokers appear to be in agreement on those erratic after hours prices (as evidenced by people reporting back the closing prices in their after-hours portfolio), it would appear that the central feed of OTC pricing is being altered for a subset of the stocks.
Again, I do not want to overreact here, but imagine what would happen to the banking system if individuals could not rely upon their available balance. Would it surprise any if there was a mini-run on the banks, should such a phenomenon occur.
Some of you may recall a number of days, in the recent past, were there were 'technical' issues causing a suspension of OTC trading. I seem to recall that on one particular day, trading was halted for nearly the entire day.
In this electronic world, we have to be able to rely upon the numerical information supplied to us. For without that confidence, we have nothing. I really hope that there are some talented folks working to determine the cause(s) of these OTC pricing issues, before it results in some real damage to trader/investor confidence.
As always, simply my opinion.
GRCU
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