07:29 $ 1.69 x 5,000
Errr? Someone was willing to buy 5000 shares pre-market at 1.69? #$%$? That's 15% more than the closing price.
Either that person is stupid and placed a market order, OR he or she knows something and wanted to have them at any cost...
Time will tell :)
Now (8:32) 1.52 x 1.53 10000 x 100
Still unusual. I have seen no reason (yet).
More likely stupid. If I urgently wanted "at any cost" I would first bid maybe 1.58 - well above close to see what would happen.
Unfortunately, it appears that the 1.69 was just a MM taking advantage of a buyer with limitied pre-market knowledge. Even if the buyer knows something, they paid a lot more than necessary to buy the stock! Hopefully, for all longs, the buyer will make some money ion their investment.
Could have also been a feeble attempt to psyche the the public in to a buy binge, similar to a pump and dump - With this bunch, it would be like parading a naked woman in front of a guy with E.D. -
An amused look is about all your gonna get.....
yeah but still... The actual close yesterday was 1,44 (even though just one minute after the bell they set it at 1.47).
Palladium is down $11 today, along with other commodities, futures are up only slightly, so why would PAL be trading at 1.54 pre-market?