However, recently, a number of stocks (for example USAT appear to have traded post-halt without the benefit of market makers. I believe they are trading through Instinet, ECNs and/or internal brokerage matching of retail customer buy and sell orders without benefit of market makers. Unfortunately this often leads to a very volatile market due to the often large 'spreads' between customers' bid and ask prices. For example the price range of USAT first day was $1.50! 13.00! on 1.122.000 shares traded Further details on USAT trading soon after the end of the trading suspension can be found in:
USA TALKS.COM
Prices Available: 08/07/98 through 06/7/99
Ticker: USAT
Date Volume High/Ask Low/Bid Close
-------- ---------- ---------- ---------- ----------
01/22/99 689,200 13 1/2 11 1/4 12 1/2
01/25/99 488,800 12 1/4 11 1/2 11 5/8
01/26/99 808,800 11 13/16 8 1/4 9 1/2
01/27/99 796,800 12 7/16 10 1/4 12
01/28/99 1,038,800 14 12 1/2 13 1/16
temporary suspension
02/12/99 1,122,800 13 1 1/2 13
02/16/99 577,700 7 4 5
02/17/99 256,000 6 4 1/4 5
02/18/99 249,900 13 4 1/2 13
02/19/99 162,600 5 1/4 3 3/4 4 1/4
02/22/99 176,100 5 3 1/2 4 1/8
02/23/99 87,700 4 1/4 3 3 3/8
02/24/99 49,900 4 3 3 1/4
02/25/99 94,900 4 1/4 3 3 5/8
02/26/99 60,300 4 1/2 3 3 1/2
03/01/99 81,100 4 1/2 3 3 5/8
03/02/99 37,200 4 1/2 3 4
03/03/99 115,100 4 7/8 3 1/2 4 3/8
03/04/99 21,200 4 7/8 3 3/4 4 1/2
03/05/99 79,000 5 4 4 1/2
03/08/99 46,400 5 5/8 4 1/4 5
03/09/99 59,700 5 1/2 4 1/4 4 7/8
03/10/99 38,300 5 1/4 4 1/4 5
03/11/99 34,100 5 1/4 4 4 5/8
03/12/99 35,000 5 1/4 4 1/2 5
03/15/99 41,800 5 1/2 4 4 1/2
03/16/99 38,100 5 1/2 4 5/16 4 1/2
03/17/99 36,100 5 1/4 4 1/4 5
03/18/99 60,600 5 4 5
03/22/99 36,000 5 1/2 4 5 1/8
03/23/99 33,300 5 1/4 4 5 1/8
03/24/99 37,700 5 1/2 4 5/16 5 1/4
03/25/99 18,900 5 1/2 4 1/4 4 3/4
03/26/99 34,000 5 1/4 4 1/4 4 1/2
03/29/99 115,100 5 1/4 4 4 3/8
03/30/99 35,400 4 3/4 4 4 1/4
03/31/99 106,800 4 3/4 3 1/4 3 15/16
04/01/99 54,500 5 3 1/2 4 1/4
04/05/99 95,500 4 3/8 2 7/8 3 1/2
04/06/99 72,700 4 1/4 3 4
04/08/99 30,600 4 1/8 3 1/4 3.74
04/09/99 43,100 4 1/4 3 1/4 3 5/8
04/12/99 52,900 4 1/8 3 3 1/8
04/13/99 21,800 3 3/4 3 1/8 3 3/4
04/14/99 14,400 3 3/4 3 3 5/16
04/15/99 300 3 3 3
04/16/99 36,500 4 3 3 13/16
04/19/99 66,400 4 1/4 3 3 1/2
05/06/99 50,000 4 1/4 3 3/8 3 5/8
05/07/99 9,900 4 1/8 3 1/4 3 1/2
05/10/99 44,300 4 1/4 3 1/4 3 5/8
05/11/99 59,400 4 1/8 3 1/4 3 13/16
05/12/99 16,400 4 1/8 3 1/4 3 3/4
05/13/99 27,400 4 1/4 3 1/4 4 1/4
05/14/99 46,900 4 1/8 3 1/2 3 1/2
05/17/99 13,800 4 3 1/4 3 1/2
05/18/99 86,400 4 1/4 3 1/4 3 1/2
05/19/99 14,900 4 3 1/4 3 1/4
05/20/99 6,200 4 3 1/8 3 3/4
05/21/99 31,800 3 3/4 3 3 3/8
05/24/99 16,900 4 1/4 3 1/8 3 5/8
05/25/99 56,000 3 3/4 3 3 3/8
05/26/99 25,300 3 3/4 3 3 1/4
05/27/99 116,000 3 3/4 2 7/8 3 1/2
05/28/99 118,700 3 5/8 3 3 1/2
06/01/99 65,200 3 5/8 2 3/4 3
06/02/99 114,600 3 1/4 2 1/2 2 3/4
06/03/99 78,600 3 1/4 2 1/4 2 1/2
06/04/99 17,200 2 3/4 1 5/8 2 1/2
06/07/99 59,700 12 1/2 2 1/4 12 1/2 |
