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AH SP Drop
Oct 11, 2024 15:09:09 GMT -5
via mobile
Post by boytroy88 on Oct 11, 2024 15:09:09 GMT -5
What's the reason for the AH SP drop? Closed at 6.49 but AH is 6.05/6.15 bid/ask.
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Post by boytroy88 on Oct 11, 2024 15:12:37 GMT -5
What's the reason for the AH SP drop? Closed at 6.49 but AH is 6.05/6.15 bid/ask. Now it's back to normal. Darn. I should've bought some. Oh well. |
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Post by runner on Oct 11, 2024 15:21:44 GMT -5
Just a headfake!
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Post by peppy on Oct 11, 2024 15:28:13 GMT -5
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Post by BD on Oct 11, 2024 17:05:36 GMT -5
The term I like is "late prints". Systems today make it hard to execute a trade way outside the bid/ask. I find I usually get a warning. I've never tried overriding that warning, nor would I want to. But especially on these relatively thinly traded stocks, delayed recording of earlier trades does that.
So I doubt you missed any opportunities, bt88.
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Post by agedhippie on Oct 11, 2024 17:38:52 GMT -5
I avoid AH trading like the plague. There are no market makers so the liquidity is awful and the price discovery is suspect. An after hours trade can be part of a bigger portfolio trade between two counterparties making price paid basically whatever they want it to be. You can see a dip like that but really it's just an artifact of the pricing mechanism they agreed which is often a weighted average price with tweaks.
Short answer, don't believe pricing after the market makers have left the building.
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Post by BD on Oct 11, 2024 17:45:54 GMT -5
If I ever insist on making an extended hours trade in a stock as thinly traded as MKND, I always start at a silly price and then walk it toward sanity slowly, because anything can happen along the way, sometimes it can be good.
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Post by mytakeonit on Oct 11, 2024 18:42:18 GMT -5
Sounds like BD is trying to buy all the cheap shares he can. Wonder why I didn't think about that before  But, that's mytakeonit |
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Post by BD on Oct 11, 2024 19:42:13 GMT -5
Since I unloaded all my TSLA calls before last night's event and then sold some shares today as well, I put a little token offering out of those proceeds into a smidge more MNKD, but it wasn't exactly cheap.
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Post by prcgorman2 on Oct 12, 2024 10:18:43 GMT -5
What's the reason for the AH SP drop? Closed at 6.49 but AH is 6.05/6.15 bid/ask. Now it's back to normal. Darn. I should've bought some. Oh well. Was there any volume in the after hours trading? I’ve only seen believable volume on heavy trading days which yesterday was below average. I was pleased by the share price increase on below average volume because I think it indicates an absence of shorting volume and given the history of shorting with MNKD, it is a pleasant, and hopefully persistent, change of trend. |
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AH SP Drop
Oct 12, 2024 22:37:26 GMT -5
via mobile
Post by cretin11 on Oct 12, 2024 22:37:26 GMT -5
Well that’s a creative way to look at it! 😆
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Post by boytroy88 on Oct 13, 2024 0:38:52 GMT -5
Now it's back to normal. Darn. I should've bought some. Oh well. Was there any volume in the after hours trading? I’ve only seen believable volume on heavy trading days which yesterday was below average. I was pleased by the share price increase on below average volume because I think it indicates an absence of shorting volume and given the history of shorting with MNKD, it is a pleasant, and hopefully persistent, change of trend. I believe it was around 10K shares traded. |
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Post by prcgorman2 on Oct 13, 2024 10:48:08 GMT -5
Well that’s a creative way to look at it! 😆 Thank you for your opinion of my post cretin11. I would have preferred “insightful”, but I’m not sure it is. What’s your spin on price rising nicely on below average volume? And drifting down lightly on extra-light volume? And the After Hours way-below-ask trade(s)? We can’t know exactly (unless we’re the ones who create those situations), so I’m curious how you look at the price/volume action of last week in particular. |
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AH SP Drop
Oct 13, 2024 18:01:19 GMT -5
via mobile
Post by cretin11 on Oct 13, 2024 18:01:19 GMT -5
Yes that’s why I chose that word. I think typically folks who analyze these things tend to assign a less than bullish (and sometimes even bearish) assessment of share price increase on low volume. Either profit taking, or a sign of waning enthusiasm, etc.
I’ve never seen your interpretation, seems like a stretch (I figured “creative” is a nicer euphemism). But personally I don’t assign a negative or positive assessment to it, as in my opinion the use of TA with a stock like MNKD is more akin to astrology or a psychic reading than anything solid. That’s just my opinion based on a decade of futile attempts by MNKD chart readers who certainly seem to know their stuff when it comes to TA. If they can’t figure out this crazy cult stock then I don’t stand a chance either 😂
I think we’re in decent shape for the long term, so trying to grab meaning from a short term price/volume interaction is harmless entertainment IMO.
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