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Microcap & Penny Stocks : NCDR
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To: Mark Marcellus who wrote (786)6/12/1999 8:40:00 PM
From: lindend  Read Replies (1) of 1440
 
The saga continues....DLJ values this stock at $0.

Schwab still has it at 0.55

DLJ's calculations are described in the following statement:

Listed securities are priced as of the last trade. For options and over the counter securities, long positions are priced using the last bid price, short positions are priced using the last ask price.

Now late Friday, I was seeing an ask of 0.055 for NCDR so this may explain why the drop occurred even though no shares traded.

If anyone knows the official policy, I'd love to hear it.

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