What happened at 3:45est???
- Thread starter Dustin
- Start date
my stock dropped but the cock brought it right back up
Bryan Roberts
Guest
i'd love to know because i was short adi and he moved the bid down one buck...i made a lousy 10 cents on it...what the f---!!!
15:47 ET Breakdown into close being blamed on an institutional sell program
15:54 ET Trading floors abuzz with talk that sell program was errant
Market managing a minor bounce off lows of the session. Hearing talk that the sell program that took equities down late was supposed to be entered in dollar terms, but was apparently entered as shares. Obviously, we have no confirmation of this, but talk of it is going around. And, given bearish slant by most traders of late, it does not seem like a rumor put out in hopes of rescuing the market.
15:54 ET Trading floors abuzz with talk that sell program was errant
Market managing a minor bounce off lows of the session. Hearing talk that the sell program that took equities down late was supposed to be entered in dollar terms, but was apparently entered as shares. Obviously, we have no confirmation of this, but talk of it is going around. And, given bearish slant by most traders of late, it does not seem like a rumor put out in hopes of rescuing the market.
GE's bid dropped to 23 with an ask of 24.60 (low of the day) and what looked like a ton of stock for sale at 24.60. Then a large block 769k printed at 24.60 and they ran the stock to 24.80 on some very large blocks. If this happened to a number of other stocks I'd think it must have been some type of program trading. The talking heads on the idiot box (CNBC) said there was a large seller in the S&P pits.
