Nasdaq Regulations Question

[wickedgoodtrader]

A requirement for a stock to get on the nasdaq is it must have a bid price of $5 for 90 consecutive days. If a stock was say sittin between $6-$7 for 85 days and it got sold down real hard one day and hit an intraday low of $4.95 only to jump back up that day and close at $6, would that reset the 90 days?

[tek]

Your a wicked good trader and don't know this? And can't find the Nasdaq website??

[OrangeCat]

http://nasd.complinet.com/nasd/display/display.html?rbid=1189&element_id=1159000635

I think section 4310 answers your question.