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creede

01/05/11 6:21 PM

#54 RE: rrufff #53

re APLN -

thank you sir.

I've been trying limit orders for a couple of days now. I can place the order online, but so far nothing has filled. I've started as a low as .0025 and I have gone as far as .25 with still no fill.

To be honest, I am not surprised. Back in 2008 when I got the fill to sell (and then had it canceled) for $9.05 per share, the spread was like .01 x 9.05. Gotta remember that APLN was an unsolicited pinky before it went grey (which is basically two of the same thing except for the fact that now we don't have L2), and thus the spread has always been pretty much what retail has for sale.

From the time and sales we see that it only traded like 2 times in 2010. That would leave me to assume that there are simply no retail shares for sale at or below .25, and that the MM's don't have any either. I know all my limit orders to sell had expired, and I had not even bothered to renew them.

Can you believe that there has not been a trade in APLN since March of 2010, and that the total number of shares traded in 2010 was 280?

Time & Sales
Price Size Exch Time
0.0001 155 OTO 03/25/2010
0.0001 125 OTO 01/13