What happened at 3:45est???

Originally posted by Pabst


I'd freak out. It could've just as easy been a bona fide break. You took risk iniating buys. And it's not your fault someone sold them.
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That is a kangaroo court; you can't win because every break is usually less than a $5K loser and they know it is not economically feasible to arbitrate the issue ...
 
Originally posted by m22au


no, $622 million went through. All but $622 million of the orders were cancelled prior to execution.
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o,ok.

No biggie.

so the position is only 150 times bigger than it should be. Like you trading 150,000 shares instead of 1,000.

Try hedging that <i>after</i> you put on the monster position.
 
Originally posted by billb2112
According to the news I've been reading, this warning was a long time coming.

I guess we'll see tomorrow ... interesting indeed.
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It's news when AMD <i>doesn't</i> warn.
 
Originally posted by MACD_addy
This is some funny shit! Can you imagine the clown who set this program in motion. Hope they had their depends on.

I remember last year in the spring or summer when some chowder head in europe set a sell program in motion that tanked the FTSE. LOL:p

Glad I'm not the only idiot that makes keystroke errors:D

MACD
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That reminds me. Didn't the FTSE have a konnipshun early one morning this past week, on an error like this?

Anyway, I noticed most of my trades getting taken yesterday and the day before. Some days the floor just seems to turn the NX feature off.

Yesterday's sell off was relentless. It wasn't isolated to 3:45 or whatever. Wonder if they were selling all afternoon.
 
I was in HD long and bailed when the first indications of the market tanking, just after 3:00. I bailed at $25.45 and it dropped all the way to $24.50 just before close. It dropped .50 in 1 minute!
 
futures trader for reputable firm (bear stearns).
must understand basic math, must have basic typing skills, must be able to count, must cave some common freakin sense!
 
Originally posted by Ron In-a-sauna
futures trader for reputable firm (bear stearns).
must understand basic math, must have basic typing skills, must be able to count, must cave some common freakin sense!
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Bear is famous at the CBOT for having amateur labor, dont want to pay the piper, toooooo cheap.....my buddy is the head of swaptions there and ill get the pooh today
 
CNBC is not talking about the huge mistake yesterday, and this is almost as important to me as is Leslie LaRoches' terrible haircut.:confused:
 
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