Someone made a mistake with their sell order probably meant to put .82 for their ask and put .42 by accident. I got lucky with another stock on Fri and make a quick $1k which I'm guessing it was the same mistake someone made while doing after hours trading. I use Scotttrade so I went to Nasdaq after hours to see if my trade posted and it was there! I was waiting for Scottrade to contact me saying my trade was done in error but they didn't and the Nasdaq shows by ask as the after hours high for the stock I sold well above market close. Ironically I follow AFFY as well so when is saw the sell at .42 I knew it had to be the same thing.
i went on my scottrade account and said same thing. went to yahoo to see if any bad news but none there. as i was watching yahoo ( AFFY ) it jumped back up to 82 or 83 wasn!T paying much attention they must have taken out someone!s stop loss. wish i could do that and get away with it. g/l tony
"...8K @ 0.43..."
I wish it had been sold to me. If real, probably the same someone on both ends of a specifically chosen point for an aon trade, trying for stock price manipulation as someone mentioned. Against sec rules but the sec will never know or, even if it gets informed, will probably never take action over. Imagine the traders with bids in at .50 cents who would have scooped them up but didn't have a specific 8,000 shares aon bid in. Maybe done to pick up some low level stop losses? Were there any other subsequent trades significantly sub-.80?
You're a fool if you don't use limit orders for all of your transactions in today's stock market. The robots are programmed to steal from the humans whenever it is possible to do so.
Sentiment: Strong Buy
Yeah, if it really happened. Some novice or someone made a careless mistake, or it was a misprint. Hard to see how it could happen if there were bids in at the higher levels.
I posted on this a bit earlier but yahoo apparently wiped it out. I opened gwp's post to see what it had to say, maybe explain the situation. But no, "it could happen in a flash," for the downside was all i saw. The fool couldn't even go straight on this one, just had to mislead all the wannabee shorts into thinking only one side of the risk. Couldn't even bring himself to bring up the fact it could go from 80 cents to 8 bucks in a flash. Well, tough nuggies on them if/when that happens. They've already made their mistake. They just haven't paid for it as yet.
Yes. I saw it.
Schwab shows the day low as 0.425. The corruption in the markets is unbelievable. I've seen this same type of BS in others stocks where a 50% or greater discount is made a available to a few select people with crooked connections.