please help explain this

Discussion in 'Trading' started by cashclay, Oct 5, 2023.

  1. cashclay

    cashclay

    I often see a stock in after hours dropped tremendously but when I look at the time and sales it says only 1 share was sold .. What does that mean ? Im shorting a stock called MAMA at 4.24 and it has dropped to 4.04. But when I checked on time and sales it was only 1 share sold at that price.. So what does that mean and why does this happen so often? Thank you for any help and no im not looking for insider information...
     
  2. cashclay

    cashclay

    I dont know what to think.. Is it market manipulation by a trader? Is it market movers who made a mistake? Is it a default trade by the system? Its kinda of confusing to me but I have a feeling the price will shoot right back up again...
     
  3. maxinger

    maxinger


    After hours, simply don't look at the market.
    The volume is going to be low.
    Let the professional writers look at the after-hours.
    Don't end up suffering from data analysis paralysis.


    After hours, Go look at other things.
     
    Last edited: Oct 5, 2023
    cashclay likes this.
  4. tomkat22

    tomkat22

    Hard to say.Could be some kid who's shown an interest in the stock market so his dad opened an account for him and seeded it with a few bucks to let the kid play around with. Rogue wicks happen all the time.
     
  5. kmiklas

    kmiklas

    You might see a big drop after hours because batches of dark pool trades are processed and made public after market close. They hit the open markets in weird ways.
     
  6. ajacobson

    ajacobson

    Ask your broker.
    What was the print before and after - if any?
    After-hours is limit only market so the prints around it could tell much of the story.
    Dark liquidity doesn't print on an exchange. It prints to the TRF.
    Dark prints during RTH have a time limit to report and nobody would give up the tape revenue.
    After-hours can be terribly illiquid and have significant gaps.
    A 5% move in after-hours is not uncommon for a $4 stock.
    Sometimes a cigar is just a cigar.
     
    Last edited: Oct 5, 2023
  7. ajacobson

    ajacobson

  8. What broker are you on? Maybe someone can check if they get the same data
     
  9. tomkat22

    tomkat22

    A Dark Pool transaction for just 1 share? At $4? Seems unlikely.
     
  10. kmiklas

    kmiklas

    That’s my point… sometimes it looks weird during hours when the market is closed. There’s something else going on.
     
    #10     Oct 6, 2023