Posted on 08/24/2015 8:39:34 PM PDT by canuck_conservative
Edited on 08/25/2015 6:54:18 AM PDT by Admin Moderator. [history]
(Excerpt) Read more at business.financialpost.com ...
>. A single $35 stock share selling under $4 seems more a deliberate test or trigger by both.
Sounds more like a bug in one of the automated high speed trading programs. Low price bids sent out by those are an attempt at gathering price information on the various exchanges. In extraordinary circumstances like yesterday I’d bet that few edge cases regarding latency were exposed.
What is APPL?
Interesting. Thanks for the confirmation.
APPLE.
I’ll let you all disagree with each other.
Flame away.
Bank vault, or Laundromat?
big corporations are forecasting a 1-2 year downturn in business.. so if they say a 20% pullback in their business, the wall street wizards calculate a new “value” for the stocks.. So if a stock sells at 17 times earnings and we are told to expect a 20% downturn in business, why wouldn’t the stock drop in value...
far as the big moves down... people dont see much upside and so want out...
KEEP IN MIND WALL STREET IS A HERD LIKE ENTITY...
WHY, BECAUSE THEY ALL EAT LUNCH IN THE SAME PLACES AND STRATEGIZE AND .... when someone yells fire you dont want to be the last one out...
I'm probably wrong but I thought they only wanted bail money every 8 years or so just before an election carnival and maybe their timing is just a bit off on this merry go round.
Cordially,
That’s not Apple’s symbol...AAPL...is Apple.
No swirl to your bait...FRiend.
That’s mighty generous of you, Sarge... allowing me to disagree. I think I’ll take you up on it. ;-)
Coffee hadn’t made it to my fingers yet. Sorry.
Stock option awards exercised by some exec?
Yup, reasonable event.
Problem is, that single fluke (automated trading buys/sells a single share at 11% of prior value) isn’t checked for mitigating circumstances, it’s viewed by already twitchy traders (human & machine) as OMGWTFBBQ THE STOCK IS CRASHING.
AFAIK, most view stock trading as a fluid process: the stock is going for X$/share right now, just a natural state of being. It’s not. Stock trading is someone offering to buy/sell at a particular price, and those wanting to buy may (or may not) choose to trade at that price. With HST in a fast-changing market, someone may go “I’ll sell at $35”, nobody bites, price starts being lowered automatically a la “I want to sell to whoever will take it at any price”, and finally someone says “I’d buy that for a dollar” and does so (ok, $4) ... and the rest of the market freaks out because stock XYZ, normally $35, just sold for $4.
TL;DR - it takes 2 to trade, and under some circumstances just plain nobody wants to buy unless it’s practically being given away, at which point everybody freaks.
Yep. tug of war between short and day traders jerking us around.
I owned some Apple...back in 2005..bot it around 8..held the last until about 24...never really looked at it much again. I missed some ops there...
Owned some SEB...back in the early 2000's...paid something like 220 a share. Sold it around 300..and it preceded to go to 2400..and then 4100 last Dec....
Ha!
Lord knows I think Obama's the worst President and a human piece of sh*t, however the path that put our economy onto a road to ruin with China was established long ago. Barry's just mashing the gas pedal to the floor by doubling our national debt, over-regulation and creating an environment where business is a four letter word while moochers are deemed to be virtuous.
Ayn Rand wrote about this decades ago and she absolutely nailed it with where this country was headed even back in her time.
Look at the shipping cost and volumn... they are in free fall. This normally predicts a major down turn.
>> I’ll let you all disagree with each other. Flame away.
For some reason, the Chicken Littles have fallen silent. Wonder why? They seemed to be certain enough of their prophecy that anyone who dared to disagree was to be driven away from the forum in disgrace.
What has changed? Any ideas?
The same reason the otherside didn’t say anything on the 25th. The FED backdoor announcement of no interest rate increase wouldn’t have anything to do with things would it? A market built on faux money is not prudent and soon or a later will fail.
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