OT $1,000,000 ask on 100 sh thinly-traded stock pre-market today. Is this a fluke or some bizarre trading scheme? This morning, per Yahoo!, which may not mean much, the ask bounced between $1,000,000 and $95 for 100 sh.
It's Con-ED pfd, one I own a small amount of for the dividends, but find to be a good indicator of the bond market & interest rates. It's so thinly traded that nearly any trade can swing the price.
It's gone up lately, along with the bond market bubble perhaps.
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