LOL! APC goes from 39.15 to 100,000 in seconds. Halted...

[Ivanovich]

What a fucked up market this is.

Talk about Tim Geithner's forced squeeze wet dream. APC price graudally rises from $39.11 to $100,000 per share in one trade. Congratulations to the value buyers. This broken market is just getting ridiculous.

- ZeroHedge

 

[TraderZero]

Broken market?

Based on one misprint?

 

[noob_trad3r]

I wonder if someone who has an IB account and was short APC would have been autoliquidated by the computer on that misprint.

 

[Ivanovich]

Quote from TraderZero:

Broken market?

Based on one misprint?

I think it's more based on yet another example. By itself, it would be indicative of nothing.

 

[shortie]

just be happy they don't halt the whole market based on APC misprint

 

[krazykarl]

Quote from Ivanovich:

I think it's more based on yet another example. By itself, it would be indicative of nothing.

This shit has happened for decades and no one cared... all of the sudden the market is "broken" because of misprints.

 

[TraderZero]

Quote from krazykarl:

This shit has happened for decades and no one cared... all of the sudden the market is "broken" because of misprints.

My point exactly.

 

[Ivanovich]

Quote from krazykarl:

This shit has happened for decades and no one cared... all of the sudden the market is "broken" because of misprints.

Again, I think it's more based on frequency of the events and not the events themselves. But I'm sure you'll want to get the last word in on it again. Be my guest.

 

[stock777]

it is true, this crap is 20 years old. they should not be halting on lone misprints outside the nbbo. if they are, they are dicks.

 

[NY0BScalper]

It says on that bloomberg screenshot the exchange is P... = arca, right? How was there 0 liquidity on the arca book, out of nowhere? An Arca glitch?