What happened at 3:45est???

Discussion in 'Trading' started by Dustin, Oct 2, 2002.

  1. That is a kangaroo court; you can't win because every break is usually less than a $5K loser and they know it is not economically feasible to arbitrate the issue ...
    #51     Oct 3, 2002
  2. o,ok.

    No biggie.

    so the position is only 150 times bigger than it should be. Like you trading 150,000 shares instead of 1,000.

    Try hedging that <i>after</i> you put on the monster position.
    #52     Oct 3, 2002
  3. It's news when AMD <i>doesn't</i> warn.
    #53     Oct 3, 2002
  4. That reminds me. Didn't the FTSE have a konnipshun early one morning this past week, on an error like this?

    Anyway, I noticed most of my trades getting taken yesterday and the day before. Some days the floor just seems to turn the NX feature off.

    Yesterday's sell off was relentless. It wasn't isolated to 3:45 or whatever. Wonder if they were selling all afternoon.
    #54     Oct 3, 2002
  5. Amkeer


    I was in HD long and bailed when the first indications of the market tanking, just after 3:00. I bailed at $25.45 and it dropped all the way to $24.50 just before close. It dropped .50 in 1 minute!
    #55     Oct 3, 2002
  6. futures trader for reputable firm (bear stearns).
    must understand basic math, must have basic typing skills, must be able to count, must cave some common freakin sense!
    #56     Oct 3, 2002
  7. Bear is famous at the CBOT for having amateur labor, dont want to pay the piper, toooooo cheap.....my buddy is the head of swaptions there and ill get the pooh today
    #57     Oct 3, 2002
  8. I'm staying tuned for this one...:D
    #58     Oct 3, 2002
  9. clarkie


    CNBC is not talking about the huge mistake yesterday, and this is almost as important to me as is Leslie LaRoches' terrible haircut.:confused:
    #59     Oct 3, 2002
  10. u130747


    I think maybe the pop this morning might have been the reversal of the mistake yesterday.

    Bert:D :D :confused: :confused: :confused:
    #60     Oct 3, 2002