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I'll take a guess at what happened. Either some poor soul put in a market order, which the market-maker then proceeded to take advantage of and sell at the high price, or the trade was out of chronological sequence. If this was the case, the TOL log should show a Z after the price column. One other possibility. If someone wants to stop the MMs from shorting a stock, they can do so by putting in an up-tick buy. MMs can't short on an up-tick, as I understand it. But, why buy that many when 100 shares would do the same. As far as the low price, didn't we hear of a block of insider shares coming to market, 190,000, or was that another issue? In my opinion, the market has a good-sized block of shares overhanging it. I don't see this situation changing for awhile, perhaps September when the TV sales start. Art Holt sees things differently as he says technicals show a nice bottom here. I think there is danger that we will see 1.00 before things improve. Just my guess. I'm long this stock at higher prices, but not averaging down yet. Lee |
