Bad news travels fast

Quote from Cruzan:
... the bottom pretty much fell out at approx. 11:13 am ET... Something triggered over half a million shares being dumped in a minute or two. If anyone has a better news feed and can turn up the story or can provide an alternate explanation, I'd be very interested in it.
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Quote from FXTraderWill:
Trade The News is usually pretty quick... it might report it after the drop has begun, but before it has finished.
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Thanks! It looks like they were right there and could've been a significant contributor:

expe-news.gif

http://www.tradethenews.com/symbol_history.asp?action=search&smbl=expe

You should have put a stop in and you would be okay.
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Yep. :(
 
While I do recommend having both TTN to monitor your position and having a stop in, I also would construct hypothetical scenarios in your mind in which your positions would rapidly go radically against you and prepare to respond to such price action before the news hits; it's not uncommon to see some guy sitting on the offer shorting stock for 10-15 minutes before it hits the wire (Trade The News first, usually) that the SEC and FBI are investigating said company for accounting fraud of up to $300,000,000... if any stock that's up on takeover chatter starts to rapidly sell off, it's probably becasue someone whom the market deems important said that a deal is unlikely to occur.
 
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