Yes i realize $32 was the dip. I went back and read my post and it reads as follows: "TIBX was at $32 premarket and for a few minutes after the CLOSE". I screwed up, that was suppose to say "a few minutes after the OPEN".
The point I was trying to make is that a few minutes after the open, there were still tons of $32 prints coming off, and a stocks valuation for the day changes as each print comes off. So wether the stock is + or - at that point in the day depends on what the last transaction was. The bid/ask ran back up to around $46, so we were only down about $2. But the prints kept coming off at $32 and TIBX was still reading that it was down $15.
This is not uncommon for the first minute or so of the day, as the prints from the night before print out real fast. It was very strange and unusual in this case in that it lasted for over ten minutes, and that was on level II. People who dont have access to level II, who get delayed quotes would have seen that we were down $15 for yet another 20 minutes or so. They might have thought the bottom was falling out and sold, only to find out it was really back to even. This is why I posted that info on the board early yesterday morning, to keep people from selling due to false information/bad prints.
My second post was aimed at the people that posted LATE in the day, almost near the close, that TIBX was at $32. The only time we were at $32 was right at the open. They should state that in their post. Their post made it sound like TIBX was at $32 at the time of the post.