Originally Posted by
andy171773
I really do wonder what caused the massive sell off..I know that a lot of computer programs that manage a lot of these investment firms's stocks are programmed to sell after hitting a certain stock price. Maybe Mesa dipped below that.
On the other hand, maybe some insider knowledge of an immenent bankruptcy filing has been discovered....
My guess is that it is a computer glitch. All it takes is the last sale to be at that price and then the computers will report that price until the next share is sold. Remember the United debacle a couple weeks ago? Someone actually bought a few shares for 1 penny. That price was reported along with a bankruptcy filing from years ago and massive selloff and suspended trading was the result.