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RAIT Financial Trust Message Board

  • imjoel00 imjoel00 Sep 29, 2013 9:18 PM Flag

    I,m In Need Of Enlightenment ?

    Checking Nasdaq Pre-Market & It Had RAS Down 32 Cents At 9:15 Tonite Anyone Knows Whats Going Down.

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    • The answer to that is pretty easy, but your question is very, very late.

      There was a pre-market trade on Friday for 1300 shares at $6.79. I won't try to guess what motivated the seller (there are always lowball buy orders in the pre-market, but if they'd waited an hour and twenty minutes they could have sold during the regular session at a price between $7.08 to $7.10 (over iiK shares traded at those prices.

      Bottom line, nothing is "going down". You are looking at what happened before the open on Friday. As for what went down then, I'm tempted to say that a stupid seller sold at a stupidly low price and a lucky buyer cashed out a 34 cent gain at the open.

 
RAS
6.13-0.01(-0.16%)Jul 2 4:03 PMEDT