Ah yes, USAT, now trading at 1 7/8 in the pinks. It traded at 13 just
before the SEC halted it on the BB.
So it was similar to NCDR in its pricing. If NCDR
opens in the pinks, the two cases will be much alike.
Here's the historical pricing for USAT:
01/27/99 10.250 12.437 10.250 11.750 795,600
01/28/99 12.500 14.000 12.500 13.062 1,039,200 <<--last day of trading
halted 10 days
02/12/99 60.000 60.000 13.000 58.120 1,157,700 << -resumes trading
02/16/99 6.000 7.000 4.000 5.000 577,700 <<- 2nd day, half of pre-halt
From what Jay Fisk reported, it sounds as if the trades in the 50's
on Feb 12 weren't bad prints, but they actually happened.
FWIW, my broker has assured me that I won't experience a forced buy-
in due to any MM manipulation or wide spread on the first day of
trading after a BB stock moves to the pinks.
So don't worry about me, Percarrie. I will sleep just fine, thank you.
I'll dream about how the stock will trade at 1 7/8 within a matter of
weeks. |
