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Message Boards Settings Chembio Diagnostics, Inc. - Quote Info
the 4 million shares explained      2-Nov-09 12:19 pm    
Only market makers can make transactions outside of trading hours for OTC stocks. What happened this morning is that one market maker traded shares with another market maker. This is good- it means multiple market makers are entering this stock and are preparing for a volume surge- probably due to Wednesdays earnings being announced. The transaction was recorded as a "sell" transaction. If it was really a "sell" transaction the price would have plummeted. The transaction was likely an aggregate transaction of multiple share prices and the .20 price recorded was simply the last share price exchange recorded- but it could have been from a wide range of prices for a final average of .295, the closing price the day before. That is why the price did not change.
For more info on how market makers make transactions read this:
https://secure.cs16.net/program-docs/doc...

Here is a read relevant to todays action:
"Market makers report both buys and sells to the general public.....a market maker to market maker transaction is recorded solely on the "sell" side.....it is not recorded in the ACT system as a buy trade....it is only the selling market maker that records it"

http://www.docstoc.com/docs/13232130/Mar...
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jskstocks74

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  Subject Author Rating Time of Post (ET)  
 
the 4 million shares explained
jskstocks74 (1 Rating) 2-Nov-09 12:19 pm  
 
Another explanation is that it was an ECN trade. ...
jskstocks74 (1 Rating) 2-Nov-09 11:16 pm  
 
dude, it is called married deal...
cheekitlim Rate it 3-Nov-09 12:32 am  
 
It would seem so unless there are multiple pa...
ragsisme Rate it 3-Nov-09 07:10 am  
 
In all cases, I cannot see how it is not...
jskstocks74 Rate it 3-Nov-09 08:35 am  
 
Depends on what the average transac...
ragsisme Rate it 3-Nov-09 10:24 am  
 
Of note, look who bought the 4 million shares Mond...
jskstocks74 Rate it 5-Nov-09 04:28 pm  
 
Jsk, Yhanks for the update on the 4 mil shar...
j_hutton_lt... Rate it 5-Nov-09 05:51 pm  
 
Is there a way to find out the investors behi...
houstonnewp... Rate it 6-Nov-09 09:28 pm  
 
If you are referring to the recent form ...
jskstocks74 Rate it 7-Nov-09 03:59 pm  
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Chembio Diagnostics, Inc. (CEMI.OB)

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On Dec 14: 0.271 0.00 (0.00%)
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