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Pacific Sunwear of California Inc. Message Board

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  • blue_devil_ninetynine blue_devil_ninetynine Nov 16, 2012 2:17 PM Flag

    Place your bets...

    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?

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PSUN
2.00+0.07(+3.63%)Sep 19 4:00 PMEDT

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