Tuesday, February 06, 2007

Collective2: CBRX out

I doubt anyone who had bought this would have got the exit price listed by Collective2. I had taken a 1,500 share lot at $4.87 with a stop at $4.44. The trade is listed as executed at that price - but nobody would have got that after a 67% drop on a failed Phase III trial. This should have been a -$4,500 loss, instead it shows as a -$644 loss. Go figure.