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Re: ad1 post# 27

Friday, 02/02/2007 6:41:19 PM

Friday, February 02, 2007 6:41:19 PM

Post# of 440
Ad1, posted Level II's with examples:

Example #1:
The highest ask I saw was $1.02 posted by NITE, which is a reasonable ask price.
http://66.201.236.134/export/level2.jsp?symbol=sgcr

Example #2:
The other Ask is posted on the subway site is $100.92 posted by ETRD, which is an unrealistic Ask Price. I've noticed this before from time to time. You can draw your own conclusions but here's one opinion. Someone got bored and when they closed the trading day, the MM switch board operator (probably a minimum wage employee) plugged in a pie in the sky number just for a hoot. You should watch it for a few days and see how long it lasts. It might stay overnight or maybe a week. Daydreaming goes on all the time in this business and I'll have to say that would make all of us very very happy if the daydream came true.

On the reverse end I've seen the MM'ers post ludicrous Bids at 0.000001 after market close. Its a thankless job but someone's got to do it. My guess is someone is just having a little fun at your expense.

http://www.thesubway.com/companydata.asp?qm_page=49887











Beware Bull's Ready to Run - Before investing $ do your own dd. All posts are my opinion.

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