Progress Energy fell from over $40 to around $4 in a few minutes

Discussion in 'Wall St. News' started by falcontrader, Sep 27, 2010.

  1. pspr


    "Since the highest price for Progress in the five minutes preceding the halt was $44.61, the stock completed a 10 percent slump when it traded at $40.08 -- though that trade and about 80 more were executed before the circuit breaker was triggered. "

    What good is the circuit breaker if it traded to $4.57 before it was halted?
  2. more evidence that the exchanges have whored themselves out to hft.

    good i hope the whole stock indices trade at zero.

    thats the only way they will pull the plug.

    a joke and a disgrace.
  3. The moral of the story......always maintain limit orders to buy your favorite stocks at "one penny or better, GTC". You may get filled and then have a gigantic rebound in the stock. Cha-ching! :D :eek: