Replies

To: DanielRedfoot

This has been going on for years. It's not surprising. When I was on the trading floor, those orders were called good till close, then it's cancelled. The specialist at one point could freeze the book and the order could not cancel, unfortunately the sec disallowed freezing the order. Now the orders pop in and out. Technology sometimes gets abused, we are stuck with it.

40 posted on 07/08/2010 10:03:23 AM PDT by DWC (what do kids know about)

This has been going on for years. It’s not surprising. When I was on the trading floor, those orders were called good till close, then it’s cancelled. The specialist at one point could freeze the book and the order could not cancel, unfortunately the sec disallowed freezing the order. Now the orders pop in and out. Technology sometimes gets abused, we are stuck with it.

DWC;

How much can this really effect the market at any time?
Can this cause wild fluctuations? or is it more just aggregate?

61 posted on 07/08/2010 12:48:35 PM PDT by DanielRedfoot (What a fool believes, No wise man has the power to reason away)

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