Posted on 05/06/2010 6:33:05 PM PDT by Orange1998
so next time things crash can I buy 20k shares at .01 or would nasdaq retroactively cancel the trade?
There is a whole key between the B and M this is a BS excuse.
Not if your name happens to be Goldman Sachs
still holding, will see what tomorrow brings.
if the US economy is destroyed, the same happens to China. It’s a symbiotic relationship.
Me too - I could’ve retired tomorrow...
I certainly understand why people would buy ACN at 1 cent.
Help me understand why someone would sell ACN for 1 cent.
Any trades at that price will be null. They are cancelling all trades from 2:40 to 3:00 pm. I am wondering if it wasn’t a dry run on a cyber attack.
You would have lost it all. All trades are cancelled for that time period.
I really don’t like Accenture. They make big deals on big projects with big stupid clients and then bring their lawyers out when the clients don’t like Accenture’s crappy work. Bunch of would be hard guys that work their 20 somethings to death.
Good point. And all huge drops happen to have excuses while huge upswings are cause for celebration.
I wish I’d bought a few thousand shares at a penny. Maybe I’ll put limit orders all over the place as fractions of the current price of various stocks just in case this happens again.
Excellent observation...
Going down, always an excuse.
Going up, always a party.
Are you familiar with the on again-off again political pressure for an “uptick rule” to discourage short selling?
Historical reality tells me we need a “downtick rule” to discourage investment bubbles.
Investment bubbles have caused exponentially worse financial damage than all the shorts in history.
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