Tape reading HELP

[Boib]

Can some one explain what happened with LEND at 11:41 this morning.

It was trading/printing 1 to 6 lot trades in the 46.60 area then a trade of 100 lots @ 44.70 then right back to 46.60

would this be a cross or someone mistakenly offering 100 lots at the wrong price?

Would such a move trigger stops?

 

[alanm]

Somebody probably typo'd the trade when they entered it, in which case it should have been cancelled and then reprinted at the right price some time later. It could also be a late report (if the stock had traded there earlier), and should have had a 'Z' indicator on it. Look at T&S for the answer.

 

[Boib]

Quote from alanm:

Somebody probably typo'd the trade when they entered it, in which case it should have been cancelled and then reprinted at the right price some time later. It could also be a late report (if the stock had traded there earlier), and should have had a 'Z' indicator on it. Look at T&S for the answer.

I notice the spike on the chart then checked T&S, Thats where I was able to get the number of shares traded. I get my realtime data from IB. I see that none of the delayed quote sources I use(Yahoo/stockcharts) showed the stock trading that low. I didn't have a stopsell in at the time but I'm curious if it would have triggered.

Thanks for taking the time to answer.