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Advanced Cell Technology Inc. Message Board

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  • prd747 prd747 Jan 31, 2013 3:01 AM Flag

    After Hours Trade

    Are you people children? You put in a limit order pinhead. What you are seeing are T trades imbecile. There is no premarket or Afterhours MARKET trades. What a bunch of losers you people are LOL

    Sentiment: Strong Sell

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    • mich.gander1013@gmail.com mich.gander1013 Jan 31, 2013 8:59 AM Flag

      Pink Sheets and “Form T” Trades
      Since OTC does not accept pre-market or after-hours
      trades, an OTC transaction marked as a "T" trade
      indicates the transaction did meet the NASD 90-second
      posting rule per above. If the "T" trade appears at the
      beginning of the day, it indicates the trade was not
      posted at Pink Sheets before 5:00 PM on the preceding
      day.
      There are several types of "late" reports:
      1. Those with a time stamp within a minute and a half after
      closing are just normal 90-second delays.
      Rule 6620.1: OTC Market Makers shall, within 90 seconds
      after execution, transmit through ACT last sale reports of
      transactions in OTC Equity Securities executed during normal
      market hours.
      In this case, the market maker may have conducted a
      trade within seconds of closing and delayed reporting it until
      just after the bell. This delay, which is permitted, is
      frequently misinterpreted as manipulation.
      2. Then there are trades later than 90 seconds after closing.
      These trades fall into two categories and typically involve
      larger size lots.
      a. The first category is sometimes used by financial
      institutions that are non-market makers to report larger
      transactions that actually occurred during market hours.
      However, since these institutions do not have access to ACT
      (Automated Confirmation Transaction Service), they use
      "Form T" to report.
      MMs are prohibited from habitual "Off Market” transactions:
      A pattern or practice of late reporting without exceptional
      circumstances may be considered conduct inconsistent with
      high standards of commercial honor and just and equitable
      principles of trade, in violation of Rule 2110.
      These ”Off Market” trades are typically used by larger
      investors to trade larger lots at pre-arranged prices without
      risk of driving the price upward or downward.
      b. The second category involves so called “ex-clearing” lots.
      Certain transactions may clear and settle outside of the
      regular clearing system ("ex-clearing" transactions), where
      two dealers make an arrangement to settle trades between
      themselves and outside the clearing system.
      The process used to balance street-side transactions
      depends on the type of comparison generated and the
      settlement method for the particular trade.

      Sentiment: Buy

    • I agree that there are no premarket/after-hour market trades on otc stocks, but every once in awhile I'll see pre-market volume on an otc stock. Don't know if that means an actual pre-market trade has taken place or they just posted early that an order has been placed.

 
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