Replies to post #98791 on Anavex Life Sciences Corp (AVXL)

[LakeshoreLeo1953]

Buy a Lotto Ticket......

[Turner2017]

It's an Afterhours order...

http://www.nasdaq.com/symbol/avxl/after-hours

Basically someone (the seller) wanted to sell their shares (894 shares) FAST and decided to put up an asking price of $4.01. The asking price of $4.01 pops up on the screen and anyone that is willing to buy can buy it. As soon as those 894 shares are purchased (I assume they weren't available for very long), the next available bid comes up and usually they are a lot more reasonable to the closing price.

Why did the seller sell at $4.01? I have no idea but I would suppose that the seller had an emergency and was desperate for money FAST.

Could have sold it at close (before 4pm) for $5.74 but we do see these bizarre trades happen from time to time.

[Plato7]

Business is getting done here.Everyone in here wants to do good business. I respect that. No information of any value is being dispensed this weekend.The AVXL management are trying to tread water. They have delivered nothing other than FUD. AVXL will get slapped around because they dont respect their shareholders. All stakeholders know that so here we go next monday downhill again.

[MinnieM]

Generally, the bid/ask thins out in after hours. The seller must have used a market order and the existing bids above the 4.01 were likely for a higher quantity along with being all or none.





In Reply to 'BeingReal'
How does a bid/offer @ $5.68/5.74 execute at $4.01? Market order or not, I don't get it.