Anyone know what happened with those crazy arca prints (txn, mos, etc) I know the prints on txn were honoured up to like $39.00 or something. Any idea what caused this or how to take adavantage of it if it hapens again?
http://www.nasdaqtrader.com/Trader/News/2007/headtraderalerts/hta2007-119.stm * NASDAQ® received notice this morning that alleged erroneous trades were placed through NASDAQ in multiple securities. * Pursuant to UPC Rule 11890, NASDAQ, on its own motion, has decided to break any and all trades in the following security, executed in NASDAQ, from 10:42:00 a.m. through 10:46:00 a.m., Eastern Time (ET), at the following price break: o Texas Instruments (TXN) â at or above $38.96 * Pursuant to UPC Rule 11890, NASDAQ, on its own motion, has decided that all trades in the following securities, executed in NASDAQ, from 10:42:00 a.m. through 10:46:00 a.m., Eastern Time (ET), will stand: o Mastercard, Inc. (MA) o Commscope, Inc. (CTV) o McGraw Hill (MHP) o Verifone Hldgs, Inc. (PAY) o Sears Holdings Corporation (SHLD) o Avnet, Inc. (AVT) o Thermo Fisher Scient (TMO) o Franklin Res, Inc. (BEN) o Boeing Co. (BA) o Bear Stearns (BSC) o I T T Education Svcs. (ESI) o N V R L P (NVR) * NASDAQ MarketWatch has coordinated this decision with other UTP Exchanges. * This decision is not appealable.
Just like that moron who sold a million CSCO on bats at market... people are such idiots half the time see this shit the guy could just start smashing the bid/offer every 5 seconds in huge lots and get better fills that this kinda stuff.