A bit more history from my personal "stories from a small cap company file"
After I had left this small cap company (along with my entire team by the way - they were imploding), and the stock was twisting in the wind in the mid-single digits, we noticed a trade one day after hours that was both rather large a couple of points higher than the days close (but not 15!). Over lunch the next day, some of my former employees and I speculated this could be. Not until several days later did we learn that the VP of sales had left and the number of shares seemed to fit neatly into what we knew to be his remaining stake. Seems he had a private loan with the company to settle and one way to settle it was for the price of those shares to be "adjusted." Of course we never found out who the buyer was, but the seller was most certainly our ex-VP (this was reported a month or so later when the price had recovered to a point past where these sales were sold). (This also means he got �free� money via this �loan�).
Just goes to show that anything goes. While the open market may prevail for 99.9% of the shares traded, it doesn't preclude two private parties making an agreement to buy/sell shares at a price other than that set by the market.
I seriously doubt anyone would trade 5 shares this way (so the trade is either a mistake or a message, or a joke), but if the total was in the 10's of k's AND it was a legit trade, then something is up.
I'm not holding my breath, but I'm hoping for the later.
No matter it is a mistake or joke, I love seeing $36.00 AH trade posted all weekend long rather than $9.00 AH trade being posted.
Just thinking about shorts worrying about what may happen in Monday morning makes me laugh.
Also have traded this stock heavily for the last eighteen months or so and have never seen the nearest ask afterhours 15 points out.
Could of just been a bad print but they usually correct that shortly.
Not hoping anything just trying to find out the facts.
It has been posted on here that anywhere from 236 to 85,000 shares traded afterhours the former meaning nothing the latter meaning something is definitely up.
Would just like an accurate source for volume traded and at what price would think I asked for the holy grail.
After this week it is fairly evident that just because there wasn't a news release on Rueters ect. doesn't mean something didn't happen just didn't fit into the facts as they saw them.
Yea I'm sure you are right just wish there were somewhere to get accurate info on the volume traded and at what price.
There were two out of the bid ask spread trades made during regular hours fri. one at 21.95 and one at 22.85 so could just be one of the ecn's having a computer glitch.
Well yes a more profitable deal but I think buying that one share and getting a paper certificate especially if it was done after hours would cause massive short covering and send stock price to 500 dollars the next day. Wow wouldn't you want to be part of such an historic event instead of just making a quick buck on some sucker?