What happened with INTC??

[Dustin]

Quote from Htrader:

I only took a little nibble at it. Didn't think it would rally back to the highs.

30k is a nibble huh? Nice.

 

[Rickshaw Man]

Who cares why INTC dropped, nothing you can do about it.

 

[EricP]

Quote from Rickshaw Man:

Who cares why INTC dropped, nothing you can do about it.

It doesn't matter now, no. However, at the time, it was very important to know whether there was any real 'news' that caused the drop, or whether it was just an order entry error instead. My reaction to the price movement would have been very different if there was breaking news of a huge explosion at an INTC chip plant, for example.

-Eric

 

[EricP]

Quote from EricP:

I haven't heard any trade busting news to date. Please post if you read or hear news on this.

Well, it's been over two hours since the INTC spike down. It looks like the trades will stand and not be broken, IMO. The poor sap that entered the sell order for 1MM shares by accident, instead of 10k shares (as intended) will have learned a $500,000 lesson. Ouch, talk about a bad day!

-Eric

 

[EqtTrdr]

this is what happened imo


http://charts.dacharts.com/2005-05-12/JW089132-51.png

 

[hefty1]

Eqttrdr, that chart you posted... what on earth?

 

[EqtTrdr]

Quote from hefty1:

Eqttrdr, that chart you posted... what on earth?

just a chart I came across...

no clue what the heck this is..

just thought it was a funny piece of work

 

[qazmax]

I heard it was Heard...
(HEARD TRADING, LLC )

Trades stand.

 

[ETF]

It was actually a trader from Merryl Lynch. Poor guy.