May 06, 2010
– Comments (46)
God we all know who made out like bandits that day, the buyers not the sellers..
Kicking myself for not being quick enough on CNP!!!!
Look @ EPI! HOLY COW!!!
Wow. Too many investors have a significant amount of "equity-pain" imprinted in their short term memories. This is incredible. Just goes to show ya the importance of having a large sum of cash on the sidelines to buy heavily at times such as this--even if you're bullish equities prior to the sell-off. If I had the cash I'd be buying faster than they are selling.
TMF had EPI at -33% fifteen minutes ago. Now it is shown as being -5.5%.
What I was able to do today should be illegal! I was able to jump in and out of what had/has become a highly illiquid SPY call option in a matter of seconds. I've been able to do this multiple times today for 30% gains... in seconds!!! This should be illegal, but it is nonetheless an unprecedented last hour.
X is one stock that rebounded quickly but if Credit crunch worries in Europe are true, I would stay away from stocks that depend on Huge credit to sell their products like steel companies.
Steel buildings need Credit to be built. Credit crunch is back.
Today will go down in history as Holy So Happy Its Thurs Day.
One of my favorite stocks PVR was down probably more than 50% today and rebounded to down 10%. What a crazy move - if I had been watching I would have loaded up.
it was a computer glitch and a big cover up!
Infrastructure spending in the "PIGS" Portugal, Italy + Ireland, Greece, Spain. Is now gonna come to a screaching halt. Bad news for Heavy construction and steel industry as those countries have to lower spending not increase it.
Greece will be forced to lower spending by IMF rules.
all stocks had a mister toads wild ride thanks to a computer glitch
look up any stock find a similarity????? too widespread to be real!
ragedmaximus it was real. I watched the trades happen on my screen.
all the money sites are now fd up cant use charts a conspiracy!
look up any stock you mean billions of people were watching and selling in that 1 minute i think not
whats the plan for tommorow
does anyone dare invest tomm
can anyone here find 1 stock that didint crash at 3 along with every other stock as to prove to me it wasnt a bs computer glitch theory so there are no stocks anyone would sell at that exact moment even brka dropped at that time and no brka investers would sell ever!
It was all trading errors ... Banks and brokerage firms will refund you any trading losses today ....
Or hackers attack trading computers and stream-out false market info ...
It almost seems like a glitch. The move down and back up was probably less then 5 min. If you went to go grab a cup a coffee you would have missed the whole thing. It doesn't seem possible.
i was 99% cash today sold tuesday but i cant find one solid stock that didnt crash at that exact moment!
look up any and all stocks impossible!
Thats why GS should back to 100 (first!) or follow Lehman Brothers!
ragedmaximus it was a market wide short attack combined with Panic selling. Even KERX which got FDA fast track for a cancer drug came crashing down. That stock should have been up minimum 20% today instead its barely green at +0.33
Accenture - from $43 to $.01in ten minutes
No way this was not errors in the system.
Bloomberg reporting that AAPL traded at $100,000.00/shr for one trade.
I see many very similar charts looking at individual stocks, but look at any list of biggest gainers for the day...it's not that hard to find stocks that didn't jump down like most did. This wasn't a computer glitch. It might have been manufactured, but it wasn't just some technical error.
serious 1 penny?
In other news, Gold freakin skyrocketed today. Now its sitting over $1200/oz. Yay gold!
#28 - yep - bloomberg had the chart up for quite awhile. NYSE now reporting numerous errors in trades... which kicked off many automated trading programs...
Ragedmaximus...I watched the trading, too. Of the 60 stocks I watch streaming, Teradata (TDC) closed up $1.10 or 3.76% and MacQuairie (MIC) closed up $.78 or 4.99%.
Great buying opportunity.
"significant amount of "equity-pain" imprinted in their short term memories."
The Chicken-Little mentality is disappointing to watch. Flames the media fans to sell their medium.
BTW - if I had seen the trades in time - I would have just bought the company at .01/shr :)
Yeah the move in Accenture ACN was ridiculous. This was more than just panic selling. Something really screwy happened today.
I think I should put in a $.10 limit order for google. Maybe it will hit too. ;)
i was just refering to every stock at that exact moment i know they all rebounded but all at exact moment was just too much of a coincidence i am going to eat pizza hut pizza now 10 bucks best trade all day for me!
Hmmm...."really screwy" definitely sums it up.
Like so many others, I have to wonder who has enough money to force the market into such chaotic gyrations...and if it is possible, what are the most effective defense tactics for us little girls (& guys)?
My theory is that this is Goldman & friends flexing their muscles. The SEC got serious with 'em and Goldman had to show them what they could do. $10 says the case gets dropped/thrown out/ignored.
I'll raise you $20. Seems most agree that Abacus was unethical, but not illegal...a disturbingly gray area of CAVEAT EMPTOR.
They probably don't want to mess with financial markets after this.
SEC thought they were muscling goldman.
Best defensive tactic is to set buy orders at 0.01
Like the guy who bought accenture @ $0.01
That's it IM robbing a bank and buying all the shares of JOEZ tomorrow! NOT! Now that is a dead dog! However, the market will be up tomorrow
Oh yeah before I forget. You know those guys that bought the day after and lost their behinds on that day in 1987. Well, they're all rich now. Same went for the big depression crash of the 1920s
HA! front page news yahoo finance TRADING GLITCH to blame! I told you FOOLS!
watching cramer at 6pm he even said it was a computer glitch someone was trying to sell 15 million shares but put in 15 billion and cramer bought 50k shares of pg and sold 2 min later for 500k profit!
HOT OFF the press ALL TRADES between 2.40 and 3pm NULL AND VOID!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!NASDAQ!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
European mkts closed at day lows. Yes I know US mkts are rebounding right now but Europe is the real driver here, thats where the problem exists. Spain and Portugal debt problem could be next and then you also have Italy and Ireland too.
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by