BSC should have fired that guy...

Discussion in 'Trading' started by Dustin, May 5, 2003.

  1. Dustin


    Anyone get a piece of that buy program? It was just like what happened last year when that BSC trader added a few zero's to his program. I think they realized the mistake once the orders got to around "F" on the list because I only saw the action in stocks that start with A-E.
  2. Dustin


    Does anyone here actually trade? Look CB CAG CAM EXC at 14:40.
  3. Magna

    Magna Administrator

    Quite impressive spike-ups! As I only trade the minis, and absolutely nothing out of the ordinary happened at 14:40, I wasn't even aware of that kind of movement.
  4. range


    Impressive! What happened?
  5. Dustin


    Here's the link to when it happened last time:

    10-02-02: "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."


    I figure the same thing happened today, just on a smaller scale. I'm suprised Briefing doesn't have anything on it.
  6. If I remember correctly the trade went his way. :cool: No shocker there.
  7. How are you supposed to get a 'piece' of something like that? More likely it will get a piece of you. Also, volume was not all that intense on those names, so what to make of it?
  8. Dustin


    If I told you that I would have to kill you. Get creative!
  9. Yep, stock goes nuts , no one has a clue as to what's going on, and there's supposedly a creative way to play this and make money in the long run.

    That's why I'm still a pauper, and youz guys have all the moolah.