does anyone have any insight on trades placed on the downward tail of the spike? what are the criteria for busting them? i don't know what to do and what my true position is because i made some trades down there.
the general guidance about erroneous trades is usually on exchange website. may depend on price,action,news etc..10% away max.you can also go to nasdaqtrader.com http://www.nasdaqtrader.com/Trader.aspx?id=MarketSystemStatus&cid=topnav it may take some time for them to review, so -keep your fingers crossed, that stock not going to fall even further. actually happends to me twice. they bust the trade,when even i lost the money. couple times it take them few days, but that's was long time ago.