Recent content by Giucco

A 99% discount is definitely too much of a good deal and I understand your point. An error like this in the old days of the specialist, may not have cost the OP that much because I dont see how a specialist would have moved the stock down to $0.20. Maybe OP buys it down 10%-30%, gets...

Saw the section on comments but does not look like its available right now. Nevertheless, not sure how feasible the idea is but I guess its possible.

Finally, it looks like the SEC is finally doing its job. With this kind of info we would be able to identify which programs were responsible for the flash crash and whether it was manipulation. SEC also needs to create its own version of an algo program, that acts like a computer trading...

That was understandable, in the days of pre-electronic trading. I would even understand if this happened in the days of the specialist and market makers. However, with HFT now being the primary market makers and almost 70% of the volume coming from these "so-called" liquidity providers, I...

No thats not what I'm saying. Based on the article, the algo programs have certain risk parameters built into them for protection. When they lose a certain amount of cash, they dump everything at market. Remember, that the the DOW was down about 450 points right before it fell to 1000...

Yes. This guy was definitely robbed. The HFT programs messed up and smashed the market to ridiculous levels, the OP was smart and lucky enough to purchase the bargains which these programs had created. But guess what, the institutions cry foul and want their stock back because it was a...

Just found this great article written by Dennis Dick at Bright Trading as early as January of this year. Looks like the same thing that happened in P&G also happened in Rambus. Basically when certain computer algorithms have their risk parameters breached, they instantly dump all their shares at...

Do not be impressed by the fact that they never lost money. Why? HFT, Flash orders and the like. The markets are now rigged using sophisticated algorithms that allow these funds to see any orders 3 milliseconds before the rest of us can see them. This is the 21st century version of front...

Whats the name of the platform by the way?

http://online.wsj.com/article/SB10001424052748704370704575229092263818572.html?mod=WSJ_Markets_LEFTTopNews Looks like the NYSE instituted an auction process at 2:40 to trade P&G at a slow pace, causing trades to be routed to other exchanges.

Seriously Human Beings do not control trading no more at these firms. Its all computer programs "a la Skynet." They supposed to be smarter, faster, and more efficient than us. I guess some computer model gets disabled or the programmer gets his butt handed to him.

I really doubt this was a "legit" fat finger trade. Why? Because I'm sure it was computer program related and as such, the guilty parties should eat their mistakes for using programs to make all their decisions.

I am going to trade equities on the NYSE and would like something that would provide accurate real time signals. Stockcharts sounds interesting but not sure if it would be good enough for intraday tradaing. Does anyone have a good idea of how much the exchange fees for the NYSE would be?