Mr Forthright -
A fellow old codger I see. Over several decades, I have seen some amazing feats in the market. I have not seen the bid price disappear, but I HAVE seen the ask price disappear, thrice. In 1969,70, there were two, liquidonics and alphanumerics, those were times. Two dollars to two hundred, there was no ask price for the last hundred or such. A dollar twenty to one hundred and sixty, in 1970's dollars. Of a more recent spectacle, consider a glance at binc. The run from two unto fifteen was breathtaking to behold. The following morning the open was a bid price of twenty four dollars and no ask price. Few were bothered a few weeks later when the stock fell to a truer valuation of eight dollars, or thereabouts. It remains to be proven in the only arena that matters, if this that kind of security. The prolonged chest thumping of self importance will matter to those whose only currency is their online reputation, it shall not be of influence to the value the market places upon this security.
KC |
