NASDAQ will cancel all trades executed...

Not sure if this unappealable decision is fair.
Many trades are dependent on the results of these "busted" trades.
What happens to subsequent trades based on the belief of having these long orders filled?
 
Quote from PocketChange:

Not sure if this unappealable decision is fair.
Many trades are dependent on the results of these "busted" trades.
What happens to subsequent trades based on the belief of having these long orders filled?
More...


then you are either long or its an illegal short
 
If trades are busted will they reset the charts for all these stocks.
So No 900 point down day ????????

16 billion shares overall traded today.
WOW !!!!!!!
 
Yea, I don't understand this.

In other commodities/futures I trade, even 5%-10% away from the previous print would be enough reason to bust a trade. 60%?! That's useless. Except the stocks that traded at a penny.
 
Quote from Illum:

60% aint helpin anyone.
More...


yes you are right. 60% get the heck out of here...how about everyone from 59--20%


come on

i was all siked up for a break....thinking that they might do the right thing...
 
CNBC just mentioned HHH as one where they're busting tradings. That I can believe, but they also mentioned AAPL which was trading at 240 at 1:40. It would have had to drop to 96 to qualify for a bust??? I see the low at about 201.
 
I got the following notice from TradeStation a few minutes ago -

Pursuant to Rule 11890(b) NASDAQ, on its own motion, has determined to cancel all trades in security Internet Holdrs Trust (HHH) at or above $ 60.08 that were executed in NASDAQ between 15:55:00 and 15:58:00 ET. This decision cannot be appealed. MarketWatch has coordinated this decision with other UTP Exchanges. NASDAQ will be canceling trades on the participant’s behalf.
 
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