quote:Originally posted by supermandwc: you say its gonna go to 2 cents on monday?!
It got there in the last few trades which went in right after 4:00 p.m. on Friday....
On Monday it should just open at the 0.0234...Bigchart is the only site which shows this & since I do not have L2 for pinks, I can not verify the last trades which went in right after 4:00 p.m.
posted
Yeah I see that, but if it's an error then why are there buys and sells going on RIGHT NOW, at those levels. If an error turns into a true price, then is it an error anymore? Hrmmm...makes ya think. If you can sell on the confusion you'd still get it at that price.
Posts: 839 | From: Muncie, IN 47304 | Registered: Nov 2003
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quote:Originally posted by Marcidius: Yeah I see that, but if it's an error then why are there buys and sells going on RIGHT NOW, at those levels. If an error turns into a true price, then is it an error anymore? Hrmmm...makes ya think. If you can sell on the confusion you'd still get it at that price.
posted
Unfortunately it appears to be a 100 to 1 reverse split. All charts reflect the price as the norm.
Posts: 3 | From: El Cajon, CA, USA | Registered: Feb 2004
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posted
Calm down, LBTT is trading where it has been for weeks. No one has made 900% on it today. A trade with an extra 0 was entered incorrectly after the close on Friday.
Posts: 21 | From: Wisconsin | Registered: Jan 2004
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posted
Brewer, than perhaps you would like to also tell me that over 85 trades later, the price is STILL a mistake? are you even watching what is going on?
Wallstwizkid made a good point saying it was a 100 to 1 reverse split, if that is the case then that explains it. But again...that means there WAS NO mistake. Even so, if there was a mistake or not...PEOPLE HAVE MADE MONEY on this if there was not a R/S...buys and sells at a certain price mean that somebody is buying, somebody is selling.
To me, selling at 900% gain, without there being a R/S MEANS THERE WAS 900% PROFIT.
Posts: 839 | From: Muncie, IN 47304 | Registered: Nov 2003
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posted
It was a mistake in the closing trade...this stock was trading around .025 all day on Friday. For the last trade of the day someone put too many zeros and sold at 0.0026. Mistakes like this happen a lot when the price of the trade is posted. Marcidius, you are only freaking out because since it was the last trade of the day on Friday, that was the closing price so when it opened at the normal trading price today, you freaked out when you saw +900%. I know what I am watching but unlike you, I understand what I am watching.
(here are the last 10 minutes of trading on Friday) 02/20/04 15:50:34 0.026 02/20/04 15:50:58 0.026 02/20/04 15:51:13 0.025 02/20/04 15:52:19 0.025 02/20/04 15:52:23 0.025 02/20/04 15:52:30 0.025 02/20/04 15:52:44 0.025 02/20/04 15:52:47 0.025 02/20/04 15:52:56 0.025 02/20/04 15:56:06 0.0026
Opened on Monday at .0255
Marcidius, nobody bought at .0026, there was one sell (which should have been corrected but wasn't). If no one bought at .0026 on Friday, then no one sold and made 900% profit today.
If you can find any other trades in the .0026 range on Friday or today other than that one at the close on Friday, then you are right and I am wrong.
Also, there was no 100 to 1 split.
I admit that I am no expert, but I am not dumb enough to think that anyone made 900% on this today.
posted
Marcidius, maybe you remember this from Feb 5...same thing happened except the trade wasn't the closing trade.
Author Topic: Some poor sap just sold his LBTT for .0025 instead of .025 BelgarathGFRPG Member posted February 05, 2004 11:07 -------------------------------------------------------------------------------- Poor guy lol IP: Logged
lilpennypincher Member posted February 05, 2004 11:09 -------------------------------------------------------------------------------- OUCH! IP: Logged
Marcidius Member posted February 05, 2004 11:10 -------------------------------------------------------------------------------- Man...I feel for him...god that must suck! seriously, lol imagine the hurtin you'd be feeling now. lol
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Norman Member posted February 05, 2004 11:13 -------------------------------------------------------------------------------- It must be an error. IP: Logged
TimN88 Member posted February 05, 2004 11:23 -------------------------------------------------------------------------------- It goes both ways...some lucky ******* bought LBTT for 0.0025. IP: Logged
U4TSAF2 Member posted February 05, 2004 11:24 -------------------------------------------------------------------------------- 11:23AM SHOWING LAST SALE AT .0025 DOWN 90%.
THEN RIGHT BACK UP TO .025.
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Tonyg032001 Member posted February 05, 2004 11:24 -------------------------------------------------------------------------------- the lucky sap who bought was the MM
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