Nite Today

Are they going to break all the trades?
Anyone else in it?

 

sort of like a mini emlx. wierd.

 

NASDAQ IS BREAKING ALL TRADES IN THE SECURITY "NITE" THAT WERE EXECUTED FROM 8:23:00 ET TO 8:48:44.

 

what about if i sold at 8:35 and covered 8:55? will they break both or just the short?

kev

 

what happened?

 

They wil be breaking the short only...

But you should call your broker to verify.

 

thx gaz. i dont have this problem but some of my friends....

nite took a nice dive this morning, shorted and immediately covered (20 sec - trade) +50 cts.
some other guys did the same but their trades were splitted - some before 8:44, some after....


kev

 

IMO
the "software glitch" is guaranteed to be a fired/to-be-fired
or abused employee

 

The trades at 8:55 were not possible because NITE was halted at that time. So they should be busted as well.

See:

http://www.nasdaqtrader.com/dynamic/marketwatch/mwsubhome.stm

Carl

 

I caught the story on Bloomburg TV this afternooon.
Their software upgrade went crazy and NITE's own system placed sell orders for NITE stock LOL!
Funny how it chose it's own company's stock out of how many they make a market for? Makes me wonder what this software was really designed to do.