How are they busting PG trades

Discussion in 'Trading' started by Shhhhh, May 6, 2010.

  1. Shhhhh


    Please Help me understand this...

    They announced they are going to bust any trade outside of +60% to -60% of the average price during the day...

    They've been all over the news saying PG trades will be busted.

    Average price in PG today is about $60 The LOW in PG today is $39.37

    $60-$39.37= $20.63 drop.

    $20.63/60= 34.38% move,

    How are they justifying busting these trades?!?
  2. they ain't, good luck to the non-holders of Proctor