RE:No trades over $4.88 today will be honored
fishcop,
This morning wheelingit indicated that Citigroup was reponsible for most of the buys into that spike.
They were back on the buy this afternoon.
My guess is that they got their "fat finger" morning purchases cancelled and were only too happy to buy in 10% lower.
Some trader probably got his derriere saved when the exchange decided to cancel the trades above $4.88.