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Anyone think the timing of these news releases about insider trading investigations is designed to distract us, by throwing a handful of traders under the bus to placate the masses enough to forget about the nyse? Or maybe I'm giving them too much credit for being smart enough to think of that.

I'm not really asking what I should do with my position in cvx, I'd just like to get a concensus of how traders feel this is going to fare over the next week or so, maybe get some unbiased input. Looks oversold as hell, p/e below 9 and pays a decent dividend, and crude looks to stay above $60...

It will probably be difficult for you to get any help here as you are in need of a lot more information than you currently have and it would take forever to try and explain even the bare essentials of what you need to know. That being said here's a couple of suggestions; first off you will...

No way to tell what the real quote was/should have been on xom at any point during the day, nyse was so far behind in processing the orders that they processed 5 million in the extended close from 4 - 4:15 and another 3 million between 4:15 and 4:30

I think the exchanges are well compensated for their services, as such I believe traders are entitled to accurate real time quotes and instant execution. I am extremely pro-business, but I do expect the business to deliver the product with no excuses. I won't get too upset with an improperly...

I think it's logical to assume that when those backlogged orders went through all at once, it created panic and additional selling that may not neccessarily have taken place had the orders been processed on time. If the dow gaps down 200 points on Thursday morning, how much panic selling will...

The point the op is trying to make (imo) is that the price quotes were not accurate, nor were they today for that matter. The exchanges can't handle the volume, there were out of sequence orders all day long and then they extend the close past 4pm so they can play catch up. If you can't rely on...

After the farce of trading over the last two days it's obvious that the stock exchanges can't afford decent computers. May as well have been using a yahoo 15 minute delayed quote to trade, it's sad when they have to extend the close to catch up on all the trades. Really inspires confidence in...

Sorry, I forgot my grin, I was being sarcastic towards the other markets:D

Apparently that's not a problem on the Nymex

The first point is not entirely accurate; the chinese announced they were forming a task force to enforce the already existing restrictions on loans for investment purposes.

I recently registered here and have been reading many of the different forums, and was fairly impressed with the overall credibility of most posters, then I came across this jewel. Is this guy for real? He can't possibly be trading with real money using that logic can he?