Posted on 05/06/2010 3:59:06 PM PDT by The Magical Mischief Tour
Nasdaq Operations said it will cancel all trades executed between 2:40 p.m. to 3 p.m. showing a rise or fall of more than 60 percent from the last trade in that security at 2:40 p.m or immediately prior.
Nasdaq said the stocks affected and break points will be disseminated soon.
Maybe the rest of the casinos will start doing this too.
Are we screwed.
I thought “disseminated “ was decimated at first.
“...Nesto calling these trades “bogus” drew backlash from the host and CNBC veteran Maria Bartiromo, who said those trades sounded like “market manipulation” to her.
“ That is ridiculous,” Bartiromo replied. “I mean this really sounds like market manipulation to me. This is outrageous.”
According to Nesto, these are frequent occurrences, at least at the NASDAQ exchange and if you make a trade a lose money, there’s no recourse.
“It happens a lot, Maria. It really does. I mean, we could probably ask the NASDAQ, they may not want to say how often it happens, but it happens frequently. And they go back and they correct. And the thing that stinks is if you in good faith put in a trade and made money and then lost it, you lose it. And there’s no recourse and there’s no way to appeal.”
http://www.businessandmedia.org/articles/2010/20100506174136.aspx
Do people believe that the international banks are evil yet?
Mutually assured economic destruction.
I believe someone is pulling the strings (obama).
Sounds like a Clancy book again...
Happens alot ?
“
“ That is ridiculous,” Bartiromo replied. “I mean this really sounds like market manipulation to me. This is outrageous.”
According to Nesto, these are frequent occurrences, at least at the NASDAQ exchange and if you make a trade a lose money, there’s no recourse.
“It happens a lot, Maria. It really does. I mean, we could probably ask the NASDAQ, they may not want to say how often it happens, but it happens frequently. And they go back and they correct. And the thing that stinks is if you in good faith put in a trade and made money and then lost it, you lose it. And there’s no recourse and there’s no way to appeal.” “
ttp://www.businessandmedia.org/articles/2010/20100506174136.aspx
Albert Brooks trying to get his money back in “Lost in America”:
http://m.youtube.com/watch?gl=CA&client=mv-google&hl=en&AdsGroup=AdsGroup&v=U4RZTNtuZvQ
They are surely paving the way for a global government. We’re doomed as a globe. There’s only one way out of this. The bible is our book. But us bitter clingers don’t know better. Silly us.
Obama is a puppet on a string economically. The international banks completely control our macro economy - not Obama, and not the Federal government (even though both of those entities are evil).
Amen!
A Mulligan!
There are bids and offers at various levels from the last sale of a stock. The closer to that last transaction price the greater the liquidity. Sometimes pockets of liquidity are found at round numbers. For Instance a stock that’s gone from $10 to $25 over a period of time may have bids sitting at $20 from people that failed to get in on the run. You may also have stop loss orders at that price from sellers. So assume that stock goes down in a single day from $25 to $20 without a news release from the corporation affecting the price but rather general market conditions. At $20 in that example you would have a flurry of activity. Say however it continues lower. Are there orders out there to buy more? There may be people willing to buy more but they have to be aware that the stock is going lower.Also since theres no fundamental news out those willing buyers are probably going to be cautious so maybe they don’t jump in not knowing whats going on. Hence you have a vacuum in liquidity and some old open orders at lower prices may be the only price points where the stock will trade. Todays problem was that the trades that set everything off were not done on an exchange where there are people in charge of monitoring such unusual activity at least from what i’ve read so far. The last time i saw prices gap down like this was 1987. On that day there was no bounce.
I completely agree, this is way too complex for obama to grasp. He’s their puppet. So, who’s running the world? Soros? He gets a lot of attention, but I believe there’s someone else behind Soros. I don’t have evidence. It’s just my feeling. Soros has the money, but someone is directing him as well.
You know, I’m really saddened I live now, and not 100 years ago. It’s really sad the US is falling this fast and furious. It just sickens me. How much money does a guy need? I guess 100 million isn’t enough. That’s sad.
Seems correct. Error made in price that was incorrectly entered.
Nasdaq Operations said it will cancel all trades executed between 2:40 p.m. to 3 p.m. showing a rise or fall of more than 60 percent from the last trade in that security at 2:40 p.m or immediately prior.
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Can they do that ???
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