Well I think that answers your question, sorry about that! NYSE allowed their stocks to open before finding equilibrium, 'ah the good old days of waiting twenty minutes to two hours for the Specialist at SPLK to figure out where to open up a stock. It's not the first time a stock has been busted, we all have had many shares busted!
It's not fair because you put your risk-capital to purchase these stocks, today the ETFs associated with the IBB fell off a cliff, in 2008 there were many bond funds by Pimco, Alphine, John Nuveen and Loomis Sayles I bought when they fell off a cliff because many could not calculate their MBS, ABS and other income-instruments so they stopped paying dividends for a few months. I bought a big block of PHK, dividend was suspended, nobody was attending any auctions to purchase certain debt and wrongly they assumed all interest bearing assets were going to zero!
Since NYSE suspended their rules on a orderly Market, why can't you keep your stock? This was no Emulex where several of the members here on Elite bought 2000 to 10,000 shares at $49 only to have their trades broken when the went back up to $125. Do you remember the story of Emulex and the poor little kid who hacked in the AP and disseminated a half-ass press release saying "Emulex cooked the books!".
Now how come Knight Capital was unable to beg the Exchanges for mercy when their computer servers went nuts three years ago and blew them up? Knight lost $500 million in 38 minutes as its servers drove stocks up to prices way up in the sky only to get shorted by Ichan, Ackman and other professionals besides the Market Makers (Goldman, JP, MLCO ect.)..
Good Trade, I hope they don't break my option trades, that would be outrageous if they did, the Specialist pushed Facebook book down to $70, it's his fault, not ours! Cheerio!
