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Re: golden08 post# 1164

Friday, 09/01/2006 1:35:21 PM

Friday, September 01, 2006 1:35:21 PM

Post# of 7293
Copied this off the Yahoo board

Three Plausible explanations?

Market Maker was closing out the books for month end, quarter end, year end, and had trades that never hit the system. So, MM decided to record the transactions in after hours to square the books? This happened in another stock I owned and during the day trading during regular hours, a block would go by at 2-3 dollars more then the current bid ask price on the stock. It really stirred up the message board. Well, some of us put in GTC sells just below the that price. Lo and Behold, another transaction went by which was greater then our GTC price. I thought I was rooked, so I called Fidelity and the explanation was the above, MM closing the books and these were trades that occurred in the past. (Never did sit well with me)

Or, and this is embarrassing to NASDAQ, someone hacked into AH trading site and was having a field day with the bogus trades going from $5 to $2. Sure got my attention.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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