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rjm77me
rjm77me vip
P&P Score: 99.94   Points: 616.65   Accuracy: 77.28%   Average Pick Score: 0.89   Annual Return: 32.85% (94.05% since 7/16/09)  

rjm77me's Blog : Market gurus saying fat finger caused the 900 plus drop interaday

Date May 6, 2010  Edited: May 6, 2010    Comments Comments (1)    Rate this post Recommend This Post (86)   
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Market dropped 500 points intra day. They will talk about it for weeks
I will add more later.

I will say how the world turns up side down in 30 minutes and no one has clue except brave one using the buy buttons. Some folks bought PG under $40 - wow

WELOCME TO MODERN WORLD OF AUTOMATED TRADING - ONE PROGRAM CAUSING THE OTHERS COMPUTERS TO START SELLING PER THE MASTER PROGRAMS.
Tags : QQQQ   SDS   FAZ   XLF. JCI   PG  

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Author rjm77me     Date May 7, 2010 00:24 Abuse this post Report Abuse
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23:04 NASDAQ OMX provides list of 287 stocks in which trades 60% away from the market will be canceled

NASDAQ OMXSM reported that it had "no technology or system issues associated with the trading that occurred between 2:00 p.m. and 3:00 p.m., ET, today, Thursday, May 6, 2010." According to the exchange, there is no indication at this time that a NASDAQ market participant experienced a technological failure in connection with this event. "There is also no indication that any member firm had a trade error on any NASDAQ OMX system. We have coordinated a process among U.S. Exchanges and therefore, pursuant to NASDAQ Rule 11890(b), NASDAQ, on its own motion, will cancel all trades executed between 14:40:00 and 15:00:00 greater than or less than 60% away from the consolidated last print in that security at 14:40:00 or immediately prior".... List of stocks impacted

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