Quote:
Originally Posted by JP-pornshooter
on NPR last night they said it was an input glitch of some sort.
they said" what happened was someone put in a huge sell order, this trigger tons of stop limit orders (these are limit you set online to safeguard your loss, say if a particular stocks hits 22 then it is sold off right away.. many traders work with stop loss triggers (not me))"
they also said some of those trades from yesterday would be invalid.
this morning, nobody says anything.. WTF???
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yes they were very quick to come out with this "computer glitch - trader error" explanation..and it happened again today...i mean come on, its the Greece fiasco (and maybe some other things).