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Re: nobody12378 post# 12744

Tuesday, 05/10/2011 6:05:14 PM

Tuesday, May 10, 2011 6:05:14 PM

Post# of 52849
IMO, Buyers are waiting for R/S

So that they can buy stock at fractional values.

Most brokers won't execute trades at more than 4 decimal places.

Since that ASK is $0.0001, most buyers are holding out for the R/S, so that they can put in lower bids, in order to get a better price.

They may as well just do the R/S, and get it over with, so that the buyers will come back to the table.