Re: lake/WOW
posted on
Aug 07, 2008 05:56AM
This contrasts to a trade I remember watching last November (??) in real-time.
(I remembered it because I made a comment on the board.)
There was a trade at the ask about 5 minutes or so before closing of 1,000 shares, then within a few seconds of that buy, there was a subsequent trade between the bid and ask of an equal number of shares, which, if I recall correctly, posted a loss for the day for the closing price.
Regardless, the fact is that last fall and earlier this year my limit orders at the ask were filled almost immediately. Two days ago, that wasn't the case.
That appears to me that while the mms are saying EDIG is worth .10 or .11 per share, they don't really have enough shares to sell at these prices or do not really want to sell at these prices if any demand materializes.