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Investors Title Co. Message Board

  • pmlljl pmlljl Jan 10, 2006 6:53 PM Flag

    Todays aftermarket quote

    Today the aftermarket quote is $.01 @ $2,000, 100x100.

    Can either of you guys explain why the marketmaker would post this nonsense? Why not just leave it blank or write "none" or "closed" or something on that order? I don't want to cause trouble about this, I am just curious. It seems so stupid. Then, again, a lot of things about the financial world seem rather stupid to me.

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    • I don't know. For years that's been the normal after hours bid and ask for ITIC. Maybe the system will only handle numbers. Or I guess it's possible that someone really has that bid and ask in, hoping to take advantage of a once-in-a-lifetime market order.

    • Just checked the aftermarket quote on HORT which is the other stock I own. The quote is $.01 @ $9,000, 100x100. Am I supposed to be impressed that the asked price is 4&1/2 times the asked price of ITIC?

      May I make a personal financial statement valuing my shares in HORT at $9,000 per share and take it to the bank as collateral for a loan. Based on that I would be a gazillionaire.

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