Progress Energy fell from over $40 to around $4 in a few minutes

"Since the highest price for Progress in the five minutes preceding the halt was $44.61, the stock completed a 10 percent slump when it traded at $40.08 -- though that trade and about 80 more were executed before the circuit breaker was triggered. "

What good is the circuit breaker if it traded to $4.57 before it was halted?
 
more evidence that the exchanges have whored themselves out to hft.

good i hope the whole stock indices trade at zero.

thats the only way they will pull the plug.

a joke and a disgrace.
 
Quote from THE-BEAKER:
......trade at zero.
More...
The moral of the story......always maintain limit orders to buy your favorite stocks at "one penny or better, GTC". You may get filled and then have a gigantic rebound in the stock. Cha-ching! :D :eek:
 
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