Re:SEC suspends trading in 15 securities due to questionable...
by dheera on Friday February 26, 2021 @08:03PM
(#26281697)
Me too. If it's $0 can I "buy" a million shares of it?
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Re:SEC suspends trading in 15 securities due to questionable...
by arthurcolle on Friday February 26, 2021 @08:10PM
(#26281740)
No you can't. A bid/offer of 0x1/0.05x25 could be what you see (i.e. 25 shares available at the offer price of 0.05 and 0 shares available at 0 - no one wants this shit) on these garbage-quality companies. So there's no one bidding on it.
So you could come in, place a bid at 0.025 and the updated OB would be like 0.025x1/0.05x25. If there's any autoquoters from the adversaries, then ok immediately they might throw some more offers up at like 0.045x100, since the interpretation of some bids coming in means that they can fill the orders at the tighter spread
Re:SEC suspends trading in 15 securities due to questionable...
by shoshino on Saturday February 27, 2021 @04:21AM
(#26283671)
Your first example quote has an unfortunate typo.
0x1 should be 0x0
Re:SEC suspends trading in 15 securities due to questionable...
by arthurcolle on Saturday February 27, 2021 @05:46AM
(#26283962)
yeah, press F to pay respects. Hopefully most are able to overcome the complexity of reconciling 0x0 == 0x1