I went back and looked at times/sales/quotes..
12/02- not close
12/03-nope
12/04-at the open is was 36 1/4, 36 7/8. Actually, preopen, without any trades, its was very, very jumpy, active. IT was crossed at one point 36 3/4 to 35 1/4, which could have been an error or simply trying to make the stock look strong, preopen. Remember, this is preopen and shouldn't count. At the topen it opened 36 1/4, 36 7/8, a few prints at 7/8, then at 9:32 became offered at 36 1/2. Seemed like some firm got a market buy order, jacked itup, sold to client at 7/8 and 3/4 and brought it right back down. (aren't they sweet), but then it ran back up again, a few prints at 7/8 and at 9:37:23 for 6 seconds, the stock was offered at 37. never printed there. was only there for about 6 seconds. Only went lower after that....
Cute...question is, in your contract with your firm, does your stop order become "live" when its offered at your price (thisis a buystop) or when it printsthere. The NYSE and AMEX are if it PRINTS at your limit. If this were a listed stock, you would clearly have a case.
Good luck. Call if you need anything more. IT only took about 45 seconds to pull this up on my system. Make the same case to the sales manager/trading manager etc. It will be tough now that the stock is 2 points lower....you never know.
Good luck,
Steve@yamner.com |
