Posted by Richard on September 20, 1999 at 13:37:58:
In Reply to: Richard, posted by Mary on September 14, 1999 at 18:03:54:
http://finance.yahoo.com/q?s=sgtn&d;=1d
The chart is working for today.
Click on it and feel free to follow along...
1)The trading started off with a 600 share trade around 10:30am
This COULD have been a limit sell at .50 and a market order buy (poor guy).
Just before noon it looks like we have two trades:
2)2000 share limit sell at .50 and market buy
next trade
3)5000 share MARKET SELL with a LIMIT BUY at .25
poor guy selling probably didn't even know what hit him.
He(or she) probably saw the price at 50 cents and said "oh my god, I can get out at a profit!
Sell sell!"
Too bad...instead you sold at a loss(probably).
4)Looks like the next one is at 12:20 for a 1000 shares at .1875 (or 3/16).
Could have been another market buy with a stop sell at 3/16.
And then it sits there until a little after 3pm...
5)4000 shares at .50.
If this trade was at 3:50pm I would say someone was probably trying to boost thier portfolio "value"
for the end of the day. Most likely another poor guy(let's hope it s not the same guy) probably saw the price at 18 cents
and said,"Whoah!, I love this company! I can buy 5000 shares for 900ish bucks! Buy buy!"
But our soon to be poor friend puts in a MARKET buy order and gets 5000 shares from soneone with a limit sell at
50 cents instead. Too bad for him! Now he is out 2500 dollars (not $900)
$1600? Not a problem. No sir. Not if you see the sunny side!
I wonder how all those "worthless" penny stocks trade millions of shares a day(with only minor deviations in price?
I also wonder how such a cool little company like this with a great technology can go days without a trade?
The mysteries of the business world, I guess...
The above is my opinions about the individual trades on 9/20/99.