TO END ALL NASDAQ RUMORS FROM THIS MORNING:
apparently some confusion by and overzealous worker at NASDAQ "confirmed" BIDS trading day to be teusday.
Later, they recanted, after the FLOOD of calls trying to confirm the confirmation, they stated that "there was confusion this mornig" possibly over the symbol BIDS, and the approval of a symbol, or the approval of NASDAQ(not to include the SEC)
Where here's the scoop: NASDAQ, Nor the SEC for that matter can neither confirm nor deny WHEN a stock will trade, only the listing company can confirm
ALSO there is no waiting period, or MANDARTORY anything 48 hours cause they are not changing any company position, financing, etc.
This means that BIDS can start trading on nasdaq at NOON, or NOON MAY 6th,2000.
without notice, without announcment , without anything.
Think about it, can NASDAQ actually confirm insider trading information? NO, I think not. They can only confirm they have a application, or a suspected trading ALLOWANCE date.
So for those who still cling that TEUSDAY is the day based on what they heard, they maybe right, but it can change just as easily to wednesday( which was my first pick by the way hehehehe) if they wanted to..
I think we should put it to rest.
MU
L8R I'm out to lunch.. |
