Stock Price Help..

Question

Hey guys .. so I&#x27;m on ScotiaMcleod (broker for Scotiabank) and I&#x27;m looking to get some Sirius shares. On the Nasdaq the stock closed at $0.1049 -- so when I go to purchase these shares this is what it looks like:Bid &#xA0; &#xA0;Ask &#xA0;Bid Size &#xA0; Ask Size &#xA0; &#xA0;Last &#xA0; Change &#xA0; Volume0.01 &#xA0;2.10 &#xA0; &#xA0; &#xA0; 2 &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;2 &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;0.10 &#xA0; &#xA0; &#xA0; 0.03 &#xA0; &#xA0;263,495,557Why the fuck is the Ask price 2.10 &#xA0;-- this is the only US stock that has this huge&#xA0;discrepancy. Do they know something that we don&#x27;t or is the just a mistake that will fix itself Tuesday when the market opens?

Kash480 · Answer

Hey guys .. so I&#x27;m on ScotiaMcleod (broker for Scotiabank) and I&#x27;m looking to get some Sirius shares. On the Nasdaq the stock closed at $0.1049 -- so when I go to purchase these shares this is what it looks like:Bid &#xA0; &#xA0;Ask &#xA0;Bid Size &#xA0; Ask Size &#xA0; &#xA0;Last &#xA0; Change &#xA0; Volume0.01 &#xA0;2.10 &#xA0; &#xA0; &#xA0; 2 &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;2 &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;0.10 &#xA0; &#xA0; &#xA0; 0.03 &#xA0; &#xA0;263,495,557Why the fuck is the Ask price 2.10 &#xA0;-- this is the only US stock that has this huge&#xA0;discrepancy. Do they know something that we don&#x27;t or is the just a mistake that will fix itself Tuesday when the market opens?

wallstreetcappers · Answer

It is because the market is closed and the spreads are just representive of what some firm has an order in that is still on the books.Bottom line, you cannot make a trade today for a US stock.

Kash480 · Answer

Thanks man ... yea I knew I couldn&#x27;t make a trade today but there&#x27;s an option to make a trade and it will delay to when the market opens -- but theres not point in me doing this at such a ridiculous price. (BTW we get a holiday today too -- it&#x27;s called Family Day .. LOL)

wallstreetcappers · Answer

Well you can place a GTC limit order any time and once the market opens it will be available to the market.

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