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letskeepitreal

05/08/08 4:23 PM

#350 RE: hasher #349

The Open-Hi-Low-Close report you have pasted doesn't have the level of detail necessary, it's way too summarized in format. The point is that on several trading days when the stock has been trading down all through the day, a couple of orders seem more often than not to go through right before the close at the ask or even higher. You'd have to go back and look at what the bid and ask on ADK was each day about 10 minutes before the close - and then the small order or two that went through after that - to see what I am talking about. This only seems to happen on days where the stock is trading down and there is a wide disparity between the bid and ask near the market close.
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letskeepitreal

05/08/08 4:29 PM

#351 RE: hasher #349

And actually the table you posted illustrates what is trying to be accomplished on days the stock is down significantly from the day before - have it end up with a closing price the hides this. On Apr.30, May 1, 2, and 6 shortly before the market close the stock was bidding at or around 0.75 (it's low for the day) and in almost each case someone came in a few minutes before the close and bought at or above the ask to up the closing price to 0.79 - 0.83. A desperate attempt to keep ADK from sinking down into the low 0.70's or even below that!