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Posted on 5/6/10 at 2:54 pm to LSURussian
thanks!!
Posted on 5/6/10 at 2:58 pm to LSURussian
quote:
CNBC is reporting a HFT program flooded the market with sell orders within a minute or so. Caused the massive down tick all at once, which triggered many stop loss orders, which triggered margin calls, which triggered.......etc. Once humans got involved, the averages started recovering.
I still will say this shite is manipulative and should be restricted, and no, I am not a friggin liberal. I wasn't using stop losses or have limit orders in, but individual investors are getting jacked again. Yet another reason to not have money in the market unless one can afford to lose it.
Posted on 5/6/10 at 2:59 pm to tirebiter
It's why I NEVER put in an untended order, either GTC or stop loss.
Posted on 5/6/10 at 3:04 pm to LSURussian
Wow...first time on the MTB today...and this is what I run into 
Posted on 5/6/10 at 3:05 pm to LSURussian
I have only bought on down days this year and was contemplating two buys and couldn't get reliable pricing so I closed out. Somebody was reporting VB was down almost 80% at one point which just should not happen. Whoever was on the screwee end will be clamoring to unwind the trade.
Posted on 5/6/10 at 3:07 pm to tirebiter
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