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STOCK MARKET: Let's talk stocks and investing

Discussion in 'BBS Hangout' started by SWTsig, Jun 2, 2008.

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  1. s land balla

    s land balla Member

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    Dow went from being down 900 to being down 450 in less than a minute.

    The stock market is such a scam...
     
    #3661 s land balla, May 6, 2010
  2. rhadamanthus

    rhadamanthus Member

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    holy ****.
     
    #3662 rhadamanthus, May 6, 2010
  3. thelasik

    thelasik Contributing Member

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    Seriously, what the hell!
     
    #3663 thelasik, May 6, 2010
  4. CXbby

    CXbby Member

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    So yeah, covered some shorts there...
    ;)
     
    #3664 CXbby, May 6, 2010
  5. pgabriel

    pgabriel Educated Negro

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    How many of the European countries are gonna fall
     
    #3665 pgabriel, May 6, 2010
  6. macalu

    macalu Member

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    you ain't lying...i sold my ACAS holdings when it went down 15%. 10 mins later it was down over 20%. 30 minutes after that, it's only down 10%. :mad:
     
    #3666 macalu, May 6, 2010
  7. pippendagimp

    pippendagimp Member

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    where's the party at? all i hear is crickets up in here
     
    #3667 pippendagimp, May 6, 2010
  8. Acedude

    Acedude Member

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    Exciting times! Haven't seen these kinda of volatility since March 09!

    Though I should've gotten out of Ford when it was 14 like I told myself, but noooooooo I wanna be just a little more greedy :(
     
    #3668 Acedude, May 6, 2010
  9. Mango

    Mango Member

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    Twitter: Futures Trader 71

    <i>TRADING ERROR AT MAJOR FIRM BLAMED FOR TRADE
    5 minutes ago via TweetDeck
    Seems far-fetched
    5 minutes ago via TweetDeck
    CITI'S TRADING DESK SOLD $16B IN EMINIS INSTEAD OF $16M. RUMOR!!!
    5 minutes ago via TweetDeck</i>
     
    #3669 Mango, May 6, 2010
  10. Acedude

    Acedude Member

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    #3670 Acedude, May 6, 2010
  11. SamFisher

    SamFisher Member

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    The ones that play basketball.
     
    #3671 SamFisher, May 6, 2010
  12. MoonDogg

    MoonDogg Member

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    [​IMG]
     
    #3672 MoonDogg, May 6, 2010
  13. SamFisher

    SamFisher Member

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    By Elizabeth Stanton
    May 6 (Bloomberg) -- NYSE Euronext said “there were a
    number of erroneous trades” during an almost 1,000-point plunge
    in the Dow Jones Industrial Average.
     
    #3673 SamFisher, May 6, 2010
  14. wakkoman

    wakkoman Member

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    Sucks for people that had stop loss orders in.
     
    #3674 wakkoman, May 6, 2010
  15. Major

    Major Member

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    There were some ridiculous things here. Accenture went from $40 to $0.01. I don't know how many shares were traded at that level, but whoever sold took a 100% loss for no reason, and whoever bought got an immediate 400,000% gain. There's got to be a better system in place to stop that, though I have no idea how it happened in the first place.
     
    #3675 Major, May 6, 2010
  16. Invisible Fan

    Invisible Fan Member

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    Aren't those decisions guided by machines that use algorithms to execute beyond human speeds?

    If a thousand of them independently came to the same conclusion, it'd magnify effect.
     
    #3676 Invisible Fan, May 6, 2010
  17. s land balla

    s land balla Member

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    So were some people actually able to trade Accenture for $0.01?? :confused:
     
    #3677 s land balla, May 6, 2010
  18. Acedude

    Acedude Member

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    I'm pretty sure only the actual transactions that took place gets recorded, so yes, someone got pretty fricking lucky!
     
    #3678 Acedude, May 6, 2010
  19. playlife

    playlife Member

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    It was me...I'm now a major share holder of Accenture.
     
    #3679 playlife, May 6, 2010
  20. macalu

    macalu Member

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    market manipulation at its best?
     
    #3680 macalu, May 6, 2010
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