The Level II financial reporting system Money.net says about 1.2 million shares traded well after closing today and brought the price down to $0.695, erasing the small gain the stock had enjoyed on the day. However, the data could not be substantiated on other financial sites, however, including the New York Times, E*Trade and ADVFN, and a poster in our Comments section points out the figure matches last Friday's volume, not today's.
According to the site, which does have service interruptions at times, 2,067,200 shares traded, but the site puts the time of the last trade at 23:59:47, or 13 seconds before midnight, which has not yet arrived.
Extended hours trade reporting is spotty throughout the financial world. The New York Times Business page on its Cybertimes Website (www.nytimes.com, by registration only) does not confirm the trade, but both the Times and the ADVFN system say some 7,500 shares traded after hours. ADVFN and Money.net at the closing showed the Bid and Ask at $0.702, but Money.net reduced it to $0.69 x $0.695 well afterwards.
After hours trading can occur up to 8pm in most stocks on E*Trade, but that broker showed no after-hours trading in ERHE at all. The broker accepts only limit orders in extended hours and charges a fee of $0.005 per share on top of its regular commission.
Subscribe to:
Post Comments (Atom)
8 comments:
Joe, large block orders went though just before the close. Approximately 200,000 shares were traded at around .70 the last 10 minutes before the close.
Now on top of that you are saying that approximately 1.2 million shares were traded after the bell.
I usually support you but if this is indeed true I would say that this is good news.
Somebody might have arranged a pre-arranged buy of 1 million shares after the close.
Why you would report that as bad news is beyond me. Just because it downticks to .695 doesnt necessarily mean its bad.
2,067,200 shares volume was on Friday last week.
Joe what the hell? You tell us volume was over 1.2 million shares after the close.
Only to find out the data you presented was from last Friday?
ROTFLMAO
You had me fired up. Now Im depressed again.
Get your facts straight and retract that stupid headline.
Joe, I advise you to pay more attention to Curt (Mongo) than to Nugent. -trader
Who is curt?
AWARD THE MOTHA FLUCKIN' BLOCKS. SCREW THE JDZ!!!
THE JDA=BROKEN PROMISES
Thanks for the clarification, 7:21pm.
Post a Comment