Crazy Arcas

[88888accountant]

Anyone know what happened with those crazy arca prints (txn, mos, etc)

I know the prints on txn were honoured up to like $39.00 or something.


Any idea what caused this or how to take adavantage of it if it hapens again?

 

[giggollo]

http://www.nasdaqtrader.com/Trader/News/2007/headtraderalerts/hta2007-119.stm

* NASDAQ® received notice this morning that alleged erroneous trades were placed through NASDAQ in multiple securities.
* Pursuant to UPC Rule 11890, NASDAQ, on its own motion, has decided to break any and all trades in the following security, executed in NASDAQ, from 10:42:00 a.m. through 10:46:00 a.m., Eastern Time (ET), at the following price break:
o Texas Instruments (TXN) – at or above $38.96
* Pursuant to UPC Rule 11890, NASDAQ, on its own motion, has decided that all trades in the following securities, executed in NASDAQ, from 10:42:00 a.m. through 10:46:00 a.m., Eastern Time (ET), will stand:
o Mastercard, Inc. (MA)
o Commscope, Inc. (CTV)
o McGraw Hill (MHP)
o Verifone Hldgs, Inc. (PAY)
o Sears Holdings Corporation (SHLD)
o Avnet, Inc. (AVT)
o Thermo Fisher Scient (TMO)
o Franklin Res, Inc. (BEN)
o Boeing Co. (BA)
o Bear Stearns (BSC)
o I T T Education Svcs. (ESI)
o N V R L P (NVR)
* NASDAQ MarketWatch has coordinated this decision with other UTP Exchanges.
* This decision is not appealable.

 

[Szeven]

Just like that moron who sold a million CSCO on bats at market... people are such idiots half the time see this shit the guy could just start smashing the bid/offer every 5 seconds in huge lots and get better fills that this kinda stuff.