Why would the share trade at a price lower than the current Bid???

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Why would the share trade at a price lower than the current Bid???

posted on Dec 27, 2007 06:09AM

Just saw 3k shares trade at .77 today when I have a Bid for 2k shares at .78.

Why would someone prefer to sell at a lower price???

Same thing happened yesterday when my standing Bid of .85 was not hit, but the low of the day was .75 (a full 10 cents below my Bid).