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Technology Stocks : Ultratech Stepper
UTEK 30.230.0%Jun 5 5:00 PM EST
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To: Investor2 who wrote (2364)4/23/1998 10:31:00 PM
From: mister topes  Read Replies (1) of 3696
 
That non existent trade at 23 never happened. It was a misprint
that was incorrectly entered into the system by a market maker.
He happened to mistakenly enter 23 when he apparently meant to
enter 25. The fact he entered 23 has nothing to do with reality.
If he had entered 123 it would not mean the stock rallied
to 123 for one print then fell back to 25 on the next print.
Quote services that caught up with the misprint deleted it
from the daily range since it never happened. Misprints happen
all the time and are not that unusual. However they have no
meaning whatsoever since they represents prices than never
happened during that trading day. UTEK low for day was about 24
before shares rallied to close at 24 5/8 bid. This is same
closing bid as on April 20 so nobody cared about the two cents.
Nobody is buying UTEK for current earnings, only for the future.
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