No I meant 16:00 EST. The 'spike' I'm referring to can be seen on the website showing the trades done over 90-second periods, around market close time they were:
low high avg volume
06/25/04 16:03:17 21.600 21.370 21.370 55,200
06/25/04...
I have been watching a number of small NASDAQ stocks for a few weeks and noticed something unusual on Friday (June 25th) - at precisely 4pm there were huge trades made, many times the normal minute-by-minute volume, and prices are completely out of line with the norm for the day. For example...
I'm currently paper-trading a strategy which relies on shorting US stocks, but I'm unsure which prices to use to estimate real performance. Obviously when going long the buy is at the ask price and the sell at the bid price, but is the same true when shorting? After all you are borrowing the...