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jurisper

01/27/07 5:28 PM

#246366 RE: janice shell #246365

Just idly wondering about the big surge in prices you sometimes see on the greys when a stock is coming up for a revocation hearing.

Though I guess it's probably mainly MM's scrambling around amongst each other to cover the temporary short positions they got stuck with when the stock was halted?
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swifty714

01/27/07 7:20 PM

#246378 RE: janice shell #246365

Yes, but with the lawless trading of the pinks, you can have an order in to sell at .05 and some knockle head (mind you, the board at times will still register on the screen a .055 offer, the .055 offer is taken and the print goes on the board while your standing with your ---- or .05 in your hand without a fill.

That is what drives me nuts about this way of trading. Again, I've been disciplined and trained on the floor of the commodities exchange (crude oil; pit.