Nanex Research

Nanex ~ 13-May-2013 ~ Abandoning Their Post in CLBH

On May 13, 2013, the quote spread in the stock of Carolina Bank Holdings Inc. (Symbol CLBH, Market Cap $45 million) over a 50 second period, widened from $0.15 to over $130. There doesn't seem to have been any news or justification for this meltdown. Over 10,000 quotes from 7 exchanges actively updated during this period. A similar event occurred in STN the same day.

1. CLBH - Bids and asks color coded by reporting exchange along with NBBO in dark gray.

2. CLBH - Bids and asks color coded by reporting exchange along with NBBO in dark gray. Zoom 1.

3. CLBH - Bids and asks color coded by reporting exchange along with NBBO in dark gray. Zoom 2.

4. CLBH - Trades color coded by reporting exchange along with NBBO in dark gray.

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