What happened at 3:45est???
- Thread starter Dustin
- Start date
. When exactly did the program start?sd, was that the shooter in mission valley ive been hearing about?
I run a filter during the day to catch large gaps. I had dozens of them hitting at once, when I usually get about 10 a day. Luckily I heard the rumour of the accidental sell program soon enough and recognized it as an opportunity and started buying whatever I could get a fill on.
It was crazy, like those tv programs where someone is throwing buckets of cash out of an office window onto the sidewalk. Only got 6 fills but it turned a losing day into a decent win.
It was crazy, like those tv programs where someone is throwing buckets of cash out of an office window onto the sidewalk. Only got 6 fills but it turned a losing day into a decent win.
from the nyse:
"As a result of a clerical error at approximately 3:40 p.m. today, Bear Stearns entered orders to sell $4 billion worth of S&P securities. The orders should have been entered as $4 million. All but $622 million of the orders were cancelled prior to execution. The firm has advised the NYSE that the risk from the executed orders has been substantially hedged."
"As a result of a clerical error at approximately 3:40 p.m. today, Bear Stearns entered orders to sell $4 billion worth of S&P securities. The orders should have been entered as $4 million. All but $622 million of the orders were cancelled prior to execution. The firm has advised the NYSE that the risk from the executed orders has been substantially hedged."
crazy....someone was buying ETF's like mad right afterward and into after hours, maybe this was their hedge?