Discussion in 'Wall St. News' started by falcontrader, Sep 27, 2010.
"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?
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.
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! :eek:
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