Strategic Asset Leasing Inc (fka LEAS)

[leeder]

i don't know, but just from looking at the trading when it drop to .0006, over 12 million shares we're moved in that trading session and moved fast. If they we're sold on limit orders then the stock price may have moved but we would only have moved the amount of shares that we're available at the bid. This is because buyers would have dried up and the person selling would have had to lower his limit order to move the rest of the shares. While moving his limit order the MM's reevaluate the position and generally up thier own bids in order to get more cheap shares. What happened when we dropped to .0006 i believe was a market order because we continued to dump at the ask so quickly that MM's were unable to adjust their bids. it was a great opportunity for anyone who was looking to build their position cause the ask was dropped all the way to .0008. All of this is my opinion and thoughts and is not necessarily the truth but it is what it looks like to me. sorry for the long explanation and i'm sorry if i didn't explain my reasoning to well.