What Are You Doing Right Now? (313 Viewers)

Bjerknes

Bjerknes

"Top Economist"
#111,763
Mar 16, 2004
115,915
#111,763
Some guy I know from school has got to be wanking it to and stalking Charles Hamilton. The dude just doesn't ever stop talking about him and he's not even that great to begin with.

Got a picture with him too. :eek:
 
Bjerknes

Bjerknes

"Top Economist"
#111,767
Mar 16, 2004
115,915
#111,767
Deneb said:
anything beyond 60% will be cancelled btw
Click to expand...
Yeah, and that makes it confusing as hell. You probably had thousands of traders doing some scalps on stocks like Accenture that traded at a penny, where they put some on and took some off, with the sell order being left valid because it was under 60%, making lots of red showing up in your account. Multiply that by the thousands of variations of possible trades folks could put on, and you have a nightmare on your hands.

I don't know how they managed to open the markets today after that mess.

But I digress.

 
Bjerknes

Bjerknes

"Top Economist"
#111,769
Mar 16, 2004
115,915
#111,769
Deneb said:
http://www.businessweek.com/news/20...may-get-review-after-stock-drop-update3-.html
Click to expand...
I love it how the media lied and blamed this on a "fat fingered trader". Nobody who truly understands how these markets work would believe that. Clearly, we were having a pretty solid down day on credit worries in Europe, so there was very little liquidity and bids in the market, so the high frequency shit kicked in and found some bids ridiculously lower. That probably accounted for 500 or so DOW points, but not all, because people didn't want shit yesterday.

And that wasn't the first time JPM has came in with large bids on massive down days.
 
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