Coco - Omg!!

HT,

Is this generally so?

We're you still able to profit?

 

Bloomberg - COCO trades between 10:46 and 10:58 on nasdaq to be broken.

 

well i bought 6000 at 52.95 on arca at 11:54 right before the open at 11:55 and I sold those at 55. Now if that trade gets broken, I will be very upset. cause i'd be short 6000.

as it is i lost over $1500 just covering my original 3000 shares that i had sold at 54.75 and had to buy back at 55.4

 

Everyone go to your office compliance manager. Tell them to get off their ass and contact Nasdaq.

Basically, all of the guys who were long into the halt and sold...are now short. Is that correct?

 

Looks like it. Still no confirmation of trades after the halt.

 

If this is true, it is better to stay away from such "opportunities", right?

Or this is still not so ?

 

i cant believe they didnt decide to bust before they reopened it. thats going to hurt people.

 

all this excitement and all for nothing. and i missed going out for lunch too.

 

13:12 ET COCO blamed on order error 55.10 -2.42: The Nasdaq Stock Market said in a statement it halted trading in COCO because the "extraordinary market activity'' was caused by "misuse or malfunction" of an electronic trading system... Bloomberg.com

 

And you guys (some guys) wanna do away with the NYSE specialist system??? I will take the NYSE over the nasdaq any day.




M