Whatever...that was meaningless
Real story is that someone or some group (other than MM) is looking to buy in.....it is so evident by daily trades over past couple of months. Why...who knows... maybe they know something but stock goes up on volume and down when some foolish shareholders dump there 100-300 shares. Why anyone, at this point, would give it up to a real buyer without making them pay I don't understand. Seems as though there are numerous 100 share owners out there
Are you people kidding? There is one born ever minute...do the world a favor and keep your dumb money out of the market and donate it to a charity instead of a banker. This is a algo malfunction. Here look at the following:
NASDAQ has reviewed the transactions under rule 11890 (b) on its own motion filing involving the security Berkshire Bancorp Inc. "BERK" executed between 09:42:00 and 09:44:00 ET today and has determined that all trades will stand. This decision cannot be appealed. NASDAQ MarketWatch has coordinated this decision with other UTP Exchanges.
From the same day for ticker SFLA:
Pursuant to Rule 11890(b) NASDAQ, on its own motion, has determined to cancel all trades in security iPath LX S&P 500 TR Index ETN (SFLA) at or below $57.48 that were executed in NASDAQ between 09:21:00 and 09:22:00 ET. This decision cannot be appealed. MarketWatch has coordinated this decision with other UTP Exchanges. NASDAQ will be canceling trades on the participant’s behalf. Theses trades get busted that were $4 away on a $57 stock but the trades on this BERK that were $13 away stand?
Everything is legit here nothing to see move along....
Wow! You're still here...not many of us left..don't give up yet! Holding the Champagne (or wine)
Have no idea of when or what FINRA settlement (if any) will be, BUT would be thrilled with 50-60 Mil
(100 mil would be nice but doubt that is in cards unless they have a GREAT case).
For now, as I said before, for whatever reason there seems to be another buyer (besides MM).
Wondering who bought over 120,000 shares today?
How much have they actually written off in total on the ARS's? Something like $100 million? Or am I way off? It has been so long I don't even remember. Any settlement approaching $100 million, and the stock price should double.
A strange low volume spike and most of the gains seem to have eased off already... Tough to tell due to low volume issues.
Meanwhile; Other RECENT stocks picks like SHZ, LULU, URZ, EMAN, NANO,DNN, MGIC and so on are doing GREAT with big money making moves at "M..ua.t..he(DOT)c.o.m."(without the periods) FREE YOUTUBE BREAKOUT VIDEOS TWICE A WEEK... Why not make FREE profitable investments in 2011 unlike the poor returns YOU experienced in 2010. Otherwise good luck all longs.
another flash crash to the upside. High frequentcy algos go out of control and disrupt the market cost investors unknown amounts of money and when their algos malfunction.......bail out, all trades canceled.