I was trading FAF the other day Feb. 23 higher than avg. but still low volume made 52 wk highs and was acting kind of strong and built a nice size position and an lrp got triggered at about 3:30 near the high and the stock dropped 70 cents and got stopped out. Anyone every see lrp's affecting a stock that drastically? and what about stop's in the hybrid market?
bellwetherreport.com: First American Corp is Added to the Bellwether Watch list
2/23/2007 3:52:15 AM
FAF: Conference call regarding to Host Investor Meeting @ 18:30 ET Today [delayed]
2/22/2007 3:50:18 PM
Since NMS, when an LRP is hit the NYSE quote becomes a soft quote [ECN's can trade through it]... so it is ECN's [not the specialist] that takes control of the stock...
Since NMS, when an LRP is hit the NYSE quote becomes a soft quote [ECN's can trade through it]... so it is ECN's [not the specialist] that takes control of the stock...