ilovemoney29Mcsnacks H TupackOP:
im confused, doesnt this occur because its pre market now with low liquidity? and even so, arent there ask bids between 15 to 133? like if i place a bid for 30 dollars it will be filled?
Mcsnacks H TupackOPilovemoney29:
It's because that's the original high price. That is what some bought in for in April. That's the only ones who are selling in premarket until the short shares become available.
ilovemoney29Mcsnacks H TupackOP:
but would anyone buy at those prices? lets say i own shares of this and i put a sell price premarket at 133 also, it wont be filled? or even if i put 100, it wont be filled?
Mcsnacks H TupackOPilovemoney29:
Your bid can only be filled at 30.00 if short shares are available. If they aren't then your bid won't be filled until the 133.00 price.
Mcsnacks H TupackOPilovemoney29:
It will be filled when there are no short shares available and someone else bids on that price of 100.00. Then the stock price will be 100.00 until someone sells below that and someone buys it
Mcsnacks H TupackOPilovemoney29:
When a reverse split happens short shares are locked out of the system for 24hrs. So there won't be any short shares available until opening bell today.
Mcsnacks H TupackOP : The ask is at 133.00.
ilovemoney29 Mcsnacks H TupackOP: im confused, doesnt this occur because its pre market now with low liquidity? and even so, arent there ask bids between 15 to 133? like if i place a bid for 30 dollars it will be filled?
Mcsnacks H TupackOP ilovemoney29: It's because that's the original high price. That is what some bought in for in April. That's the only ones who are selling in premarket until the short shares become available.
Mcsnacks H TupackOP Mcsnacks H TupackOP: The short shares will under bid them then.
ilovemoney29 Mcsnacks H TupackOP: but would anyone buy at those prices? lets say i own shares of this and i put a sell price premarket at 133 also, it wont be filled? or even if i put 100, it wont be filled?
Mcsnacks H TupackOP ilovemoney29: Your bid can only be filled at 30.00 if short shares are available. If they aren't then your bid won't be filled until the 133.00 price.
ilovemoney29 Mcsnacks H TupackOP: ok thanks for explaining. short sales will always be there right? impossible to get rid of
Mcsnacks H TupackOP ilovemoney29: It will be filled when there are no short shares available and someone else bids on that price of 100.00. Then the stock price will be 100.00 until someone sells below that and someone buys it
Mcsnacks H TupackOP ilovemoney29: When a reverse split happens short shares are locked out of the system for 24hrs. So there won't be any short shares available until opening bell today.