Did anyone notice that Marsh & Mclennan Companies (originally around $29.00 a share) opened this morning on the market for 20 cents? I was browsing through the percentage losers early this morning and noticed it. I tried to do a trade for a few thousand shares but by the time I was ready to submit it, the stock was back up to $29.00. It doesn't show it on the one day chart as being that low, but check the open price and you'll see. Weird? That could've been a big profit!
2007-03-22 09:35:31 · 4 answers · asked by james g 1 in Business & Finance ➔ Investing
Something weird happened to some stocks in the market today. I saw that the same went on with NYX (NYSE Stock) and a co-worker also experienced the same with another company (he told me at lunch time but I forgot the ticker).
It seems there was a market blip some where. However, you could not have traded this stocks at such prices... it was just a viewing blip.... I tried buying NYX at 0.20 cents and was unsuccessful!!
I've searched some news sites but have not found anything, let see if it develops into a story...
2007-03-22 09:59:19 · answer #1 · answered by Quilla 2 · 0⤊ 0⤋
those are ask buy options which you see before the market opens once it opens the market corrects the price automatically. I see it a lot its not an issue. (and no you can't but it at that price)
2007-03-22 14:15:42 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Very much weird
2007-03-22 09:39:00 · answer #3 · answered by cabridog 4 · 0⤊ 0⤋
Yes, weird indeed...
2007-03-22 09:42:58 · answer #4 · answered by Mark P. 5 · 0⤊ 0⤋