Cscx

Interesting action pre-market in CSCX, with the stock going above $40 at one stage.

I wonder which big bank suffered from fat finger syndrome

 

No prob.

The big guys will just break the trades and the little retail schmuck will be left holding the bag...

 

i tried to short @ 64, but IB did not let me.

 

It would have been broken anyway.

 

yeah, but at list i tried

http://www.nasdaqtrader.com/asp/SystemStatus.asp

 

i went long off 10 on the collapse made 4600 and it was busted. bastards can do what they want

 

I've had a few trades get busted and this has always bugged me.

Sure, we need a "fair and orderly market", etc, etc, but when I screw up like that and enter a bad order, I expect to pay for it. Seems like they always get a do-over.

No easy answers I guess, but one big problem to me is that it would be nice if the whole chain of trades got canceled.

If I buy on a *fake* or mistake print, then if I don't carefully check it out (don't sell if your buy is way from the market!) and SELL. Then sometime later I end up short the stock when the buy gets busted.

But my trade stays and I get the ole ream...

 

i have no problem busting the 'bad trade'.

but to bust 25 minutes worth? that's b.s. there should be *fines* for the firm....

 

had $14G's worth of trades busted on CSCX that day... caught it around $62 for 100 shares and rode it up to around $66 for a little over $400...

then caught another 800 shares on the downward slide from $80 down to $12ish totalling just over 13 G's.

too bad every trade over 8.97 was busted... was not happy about that