DPL...
First off, good eye!
Now, your second question is easier to answer than your first. You would not be guaranteed a fill because it traded "through" you , that is you had a sell at 91 1/2 and it printed at 92, "though" you....on the NYSE with one person makeing the market, the specialist, you can demand a fill since it printed higher while your order was on the book. But the nasdaq is a negotiated market with many market makers...its like having many Audi car dealers in one town. That your car printed at price at one dealership doesn't mean anything if you are negotiating on a different lot. This is one of the biggest detriments to the nasdaq.
take a look at yamner.com, go to yamner university and then yamner libarary check out the docs on the nasdaq marketplace and the docs on the nasdaq vs. listed exchange.
The dell questions: could hve been a couple of things.
1. Could have been a bad trade, a misprint. trader meant 91, printed it at 92, then the print at 91 (check the size) replaced the 92.
2. Could have been a large piece, that the buyer needed to pay up for. heck, 50,000 shares is a large piece...1point? maybe this is where a seller of 50,000 had her number.
3. Could have been cancellation of previous order and you missed the market qualifier which indicates that the print is actually a cancellation.
The action of the stock after the print and just before, the context of the print, is probably the best indicator.
tough call, seems more like an error.
regards,
steve@yamner.com |
