What happened today at 10:07?

Discussion in 'Stocks' started by blumartian, Oct 9, 2007.

  1. A number of stocks had huge spikes at the same time (like VARI, ADVS, AVCT) around 10:07 -- did all these prices stand?
  2. Looks like the old glitch spike. Think this was talked about in another thread and if you set sell orders higher up and if they get triggered.

    I personally think its another manipulative tactic by MM's?
  3. Those trades were reversed. Anything from 10:05 to 10:09 I believe.

    That was a screwed up situation. I wish someone would come out and say what had happened.

    It needs an explination.
  4. Ok I'll explain it for you. Someone with way more money and way more stroke than you fucked up big time. They then used their pull to whine to the exchange and get the trades reversed. Even though these trades removed liquidity all the way up the book (the nasdaq ones anyway) and should be considered legitimate trades.
  5. I figured that was the case. HOWEVER.....to do tha across 8 stocks with that trade affecting several market participants I dont think any regulating body would reverse a trade like that. My guess is a computer glitch. But unless you ACTUALLY know for sure....how bout you just keep it to yourself.
  6. Sorry. Too much coffee. ~ stoney