really didnt seem that risky to me, no news, when it went to 200 you knew it was a fat finger trade. i tried to buy it where it was only down around 10% so i was not clearly erronous as of 4L58 not broken yet, still be reviewed. id be shocked if they dont break
Here are 1 sec bars of the last 3 minutes: <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2098215>
Pursuant to Rule 11890(b) NASDAQ, on its own motion, has determined to cancel all trades in security Google Inc Cl - A "GOOG" at or above $425.29 and at or below $400.52 that were executed in NASDAQ between 15:57:00 and 16:02:00 ET. In addition, NASDAQ will be adjusting the NASDAQ Official Closing Cross (NOCP)and all trades executed in the cross to $400.52. This decision cannot be appealed. MarketWatch has coordinated this decision to break trades with other UTP Exchanges. NASDAQ will be canceling trades on the participantâs behalf. Save Time on Clearly Erroneous Filings! NASDAQâs Reg Recon (http://www.nasdaqtrader.com/Trader.aspx?id=RegRecon) allows you to quickly and easily view and file trades that qualify as potentially erroneous. No more chasing trades and manually completing the filing forms. Reg Recon pre-populates the form for trades sent to NASDAQ MarketWatch for review.
Got REAL lucky on this trade. Bought 8200 at 375, which I foolishly sold at 399.95 to lock in profits. Instantly though I realize there was a chance of the buy getting busted but not the sell. Super worried as stock trades up to 409, decided to take my losses and rebuy the 8200 at 405. Then comes the great news that all trades below 400.5 get busted, I'm long 8200 at 405 which I sell out at 408.