Re: [CANSLIM] confusion with after-hours trading - CEDC

From: "rolf hertenstein" <rolfh@mindspring.com>
Subject: Re: [CANSLIM] confusion with after-hours trading - CEDC
Date: Sat, 21 Dec 2002 21:37:06 -0700

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Thanks, Tom, I didn't consider the inaccurate data possibility.  And the
'anything can happen'  explains why I sometimes see (on various stocks)
bid 0.01 ask 2000. when I get a YAHOO quote after hours.

 Rolf

> Rolf,
> 
> Even tho it is nasdaq.com, the data could be inaccurate, or could be a late
> report. With it so far out of the day's trading range, I suspect the former.
> That said, anything can happen in after hours trading, just depends on how
> badly someone wants to sell or buy.
> 
> ----- Original Message -----
> From: "rolf hertenstein" <rolfh@mindspring.com>
> To: <canslim@lists.xmission.com>
> Sent: Saturday, December 21, 2002 10:50 AM
> Subject: [CANSLIM] confusion with after-hours trading - CEDC
> 
> 
> First, I have no intention of after-hours trading, I'm just trying to
> understand what went on.
> 
> That said, the other day CEDC ran up over $20, then closed above $18
> in regular trading.  I then noticed on nasdaq.com that several trades,
> totalling a few thousand shares, seemed to be executed between $12.60
> and about $16.50, with the last trade or two happening at the higher
> number.  By the next morning, CEDC opened near its previous day's
> regular trading close.
> 
> Can someone explain what's going on?  Seems like some folks got shares
> cheap, while others sold 'em quite cheap.
> 
>  Rolf
> 
> 
> 
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