NASDAQ will cancel all trades executed...

[dtrader98]

Quote from Swan Noir:

Accenture went from about $40 to a penny.

Indeed, I just posted on a related thread.

Mind boggling. How's that for a black swan? Good to know there are rock solid checks and balances in place in the financial casin... er.. markets.

You can sleep soundly knowing your stops are there to protect you.


http://blogs.wsj.com/marketbeat/201...accenture-these-stocks-fell-to-under-a-penny/

"...Here are a few other stocks that fell to below one cent briefly Thursday, all of them at 2:48 p.m. ET, when what ever it was that happened, happened.

Here they are, with ticker/name, high, low and last prices, and the percentage drop from the daily high to daily low.

EXC Exelon Corp 43.35 0.0001 41.01 43.35 -100%
EXP Eagle Materials 31.97 0.0001 30.40 31.48 -100%
BRO Brown & Brown 19.86 0.0001 19.03 19.69 -100%
IWA Iowa Telecommunications16.86 0.0001 16.11 16.78 -100%
CNP CenterPoint Energy 14.39 0.0001 13.55 14.39 -100%
SAM Boston Beer 63.17 0.01 55.43 59.44 -100%
CASY Casey’s General Stores 37.86 0.01 36.21 37.76 -100%"

 

[JJacksET4]

Yes, ACN went all the way down to 4 cents.

That's not a nasdaq stock though, right? Will those trades still get reversed - I wonder how they will deal with options as well?

For one more stock though, look at TYP (Direxion Daily Technology Bear 3X Shares (TYP)) - it should and did do good on a day like this, but the daily range shows as low as .15.

JJacksET4

 

[tradeavenger]

i have 3 NQ contract at 2:40. Blown away, wiped out. I thought there was a limit down in futures. Any idea how to recover some from this.

 

[Free Thinker]

Quote from tradeavenger:

i have 3 NQ contract at 2:40. Blown away, wiped out. I thought there was a limit down in futures. Any idea how to recover some from this.

you need to study up on what limit down means in the futures market.

 

[hippie]

Why do there pick 60% arbitrary? why not 50% or 40%?

 

[gov]

Quote from tradeavenger:

i have 3 NQ contract at 2:40. Blown away, wiped out. I thought there was a limit down in futures. Any idea how to recover some from this.

I have to chuckle, sorry. Your moniker and the subject matter are simply too funny! I mean, buck up there bucky, you are TRADEAVENGER!!

 

[hippie]

Quote from tradeavenger:

i have 3 NQ contract at 2:40. Blown away, wiped out. I thought there was a limit down in futures. Any idea how to recover some from this.

Stops are not guarantee. Neither is your daily max daily loss limit that you arrange with your futures blocker. In a fast market, it gets blow thru.

How you have keep your account small enough that you can recover.

 

[tradeavenger]

Damn i still can't believe they did that to me TRADEAVENGER. They're going to pay for this whoever they are.

 

[Swan Noir]

I am not trying to rub salt in what is a very fresh and undoubtedly painful wound but you MUST learn the rules BEFORE you play any game where there is financial risk. To say "I though there was a limit down in futures" without knowing anything about what your real downside is reflects a very unreasonable approach to markets, business ... life.

You need to spend some month (not minutes ... MONTHS) learning the rules and developing an approach that works. Accept that you are now clueless and that this game requires not only being "clued in" but then being able to use that knowledge in a coherent fashion. Until you get real about markets do not risk even a single penny.

Quote from tradeavenger:

i have 3 NQ contract at 2:40. Blown away, wiped out. I thought there was a limit down in futures. Any idea how to recover some from this.