Thread: Very Strange
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Old 05-22-09, 02:44 PM
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Quote:
Last Prince: 10.95
Bid: 10.94 x53,600
Ask: 10.89 x28,000
In this example then that is fairly normal. What someone is doing is bidding below the last price to get 28,000 their shares sold quickly. In fact for most brokers if you place a limit sell limit order below the bid then it is automatically filled at the best price available.

The last price in comparison to the ask though could also be pulled from difference exchanges and not completely in sync. IE exchange A could see last at $10.95 whereas exchange B saw it at $10.88.

Bottom line it is pretty normal and when that happens what you should see is the stock then next be traded at $10.89 then bounce back up to $10.94 and $10.95.
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