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Pacific Sunwear of California Inc. Message Board

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  • gwconcord gwconcord Nov 15, 2012 8:58 PM Flag

    Place your bets...

    100 shares in a $128 trade is not tea leaves! I would call it the reason that people who don't know what they're doing should not trade after hours, when there is a huge bid-ask spread, and in this case no news.

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    • I think you're missing my point gwconcord. I don't think anyone is stupid enough to trade 100 shares of PSUN after-hours given the bid-ask spread. Think about it, 100 shares is worth ~$150. That trade by itself doesn't make sense even during trading hours, because a normal trading commission would be 5-10% of the trade amount. So the trade doesn't make sense as a standalone during trading hours, and it CERTAINLY doesn't make any sense in after hours. It's beyond stupid for a human trader, and also for an automated trade. So where do such trades come from?

 
PSUN
0.1901+0.0100(+5.55%)3:26 PMEST