[SupplySider]

The story might well have been different if the NYSE was still trading those stocks.

Agreed.

I guess something is to be said for human judgment at work in the specialist system, but it seems like a relic of the twentieth century. If no one bids more than $30 for P&G, that is the price at that moment, regardless of book value, P/E, etc.

[JasonC]

But they did bid more than $30 for P and G at that moment. They just didn't enter it into your broken computer system. And no, they don't have to.