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Technology Stocks : Beyond.com (BYND) the NEW software.net....
BYND 1.385+16.4%3:59 PM EST

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To: Tom West who wrote (149)4/1/1999 11:15:00 PM
From: Jon Tara  Read Replies (1) of 422
 
After-hours quotes are generally worthless.

Yes, it did trade at 34 3/4 after-hours - a total of 300 shares. It also traded at other widely-varying prices. No more than a total of 5000 shares or so, though, in after-hours trading.

On very few occasions after-hours trades are meaningful - when they represent significant volume and when trading continues for some time after the close.

This is not one of those cases, though.

This is just an example of poor liquidity after-hours, and some poor schmuck who just had to have a couple hundred shares of the stock at any price. Keep in mind that there is no firm bid/ask after-hours, and people have to poke around and guess at prices.

I am long BYND, but would rather people not put so much creedence in indicators of little meaning - such as at what price a few hundred after-hours trades occured at.
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