The Real Low... .175 or .235?In my opinion we are living with a false 52-week low. If I forced a sell of my lot at .02 would that make the 52-wk low .02?
Nov 8 someone sold early (about 10:30?) for .175, but all other sells were .25 or higher. It was such an aberation that I am convinced it was a mistake. I wpoudl love it if someone can access the data showing the exact number of trades and shares sold below .25 that day
I was not there when it happened and so never saw the relevant last 30 trade data, but I was there midday to see the SP graph, which showed a the 0.175 as a rasor-thin crevase in a plateau above 0.25.
How could this have happened?
While a limit order to sell at .175 when they meant .275 sounds plausible, that would not explain it since all other bids were higher, so it should have filled around .25. I have made that mistake myself, popping a SP from .20 to .27 instantly, when the company I meant to buy was another entirely.
How can an order be filled outlying the existing spread? Would a kill or fill sell order specifying .175 do it?
Or just maybe the total volume of market sell orders early that day literally vacuumed up all the bids in the stack right down to .175, leaving one tail-end charlie whiplashed into a howlingly bad sell price... and a gleeful lucky buyer. But if so, how could the SP recover to .25 more or less instantly?
Day
11/08/16 | Open
0.28 | High
0.28 | Low
0.175 | Close
0.25 | Volume
2,751,037 | Change
-0.125 | % Chng
-33.33% | Adj Cl
0.25 | Value $
720.58k | Trades
362 |