Yeah, I just saw that too and was scratching my head. I also don't see when the price was up to .22?
SIRIUS XM SATELLITE RADIO FORUM
Yeah, I just saw that too and was scratching my head. I also don't see when the price was up to .22?
i see a buy at 9:30 for 22cents (on my scottrade acct)
I see that now. I also see a trade at 2:00 for .01.
.01? Wow that is not good....I'm not experienced enough to know how a stock go dip and go backup so fast, and it doesn't seem to show on the 1 day graph.
SIRIUS XM RADIO INC (SIRI) - Sale price dropped to 0.10
Last Sale: 0.08 at 15:11:27
Price when alert was set: 0.14 on 11/20/08 21:54:08 EST
Current Quote for SIRI
Last: 0.08
Change: -0.092 (-53.49 %)
High: 0.22
Low: 0.01
Annual High: 3.94
Annual Low: 0.01
Previous Close: 0.172
Volume: 36805871
100-Day Avg. Volume: 64778443
200-Day Moving Avg: 1.76
not sure how a .08 and .01 trade went through but scottrade has erased the .01 and is reporting .08 as the low of the day.
who the hell would sell at 8 cents, i dont get it at all.
So I guess this was a hiccup? Maybe the gurus of the board will explain what happened in time. Google still shows the .01 Wonder if a limit order of .05 would have triggered today?
Open: 0.18 Mkt Cap: 571.28M P/E: - Dividend: -
High: 0.22 52Wk High: 3.89 F P/E: - Yield: -
Low: 0.01 52Wk Low: 0.01 Beta: 2.85 Shares: 3.51B
Vol: 46.28M Avg Vol: 56.41M EPS: -2.21 Inst. Own: 35%
Maybe that .08 trade was a short seller cashing in?
That was not a short seller covering. A short seller covering - I do not know what you mean by cashing in - BUYS the stock back and in turn increases the price.Originally Posted by SiriusHope
In this case someone sold @ .08. It could have been a short seller or a long seller. I doubt it was a short seller because selling @ .08 right now would be extremely dumb for a short seller.
See if a short seller sells @ .08 it means that the stock price will have to go below that .08 for him to turn to profits. Why not sell @ the current price then ? See ?
A long holder selling @ .08 may seem also dumb BUT you have to understand, there's also the derivatives market, where options are traded. This could have been a complex option trade, like a stock sale and an option (a call or put) purchase, who knows...
It could have also been a glitch...
Penny stocks are also easly manipulated and cornered...
In any case, be careful with you all's stops... they could get triggered easly... The market makers can see you all's stops and can lower the stock prices just to shake those stops.
everystock i have is up but sirius, come on SIRI!!! i hope it gains alittle back back by the end of the day
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