Replies to post #554 on Seaniemac International Ltd (fka BETS)

[kermit42]

You're probably right--with that high volume in the last hour, it's not unusual for the MMs to continue settling trades after the close. Usually, after hours settling doesn't matter much--it's an average of the earlier trades being settled and below the closing price on a green day or above it on a red day (so it has no affect on the trend).

This time, they're 11% ABOVE the closing price on a green day. The fact that they don't count and won't show up in the charts makes for a misleading close.

And if we open at .01--the level of today's true close--that will create a gap in the charts that will cause much hand-wringing and warped trading.

We'll survive, it's no great shakes really, but in this age of computerization, these sorts of issues shouldn't exist.