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03-23-2012, 11:27 AM #1
Apple Crashes on Wall Street in Apparent Trading Accident
Shares of Apple (AAPL) were halted on Wall Street briefly today as traders and investors panicked amidst a free fall of the tech stock seemingly without reason.
"A single trade of 100 shares at a price of $542.80 hit the tape at 10:57 coming from the BATS Exchange," CNBC confirms. "The previous trade seconds earlier was at a price of $598.26."
The traders I spoke with this morning say they suspect a so-called error trade, sometimes known as a fat-finger mistake.
But there could be other factors involved. Nine minutes before the way out of market trade took place, BATS sent an alert stating, “Please be advised that BATS is currently investigating system issues trading in symbols range A through BF.”
There could be more to this story as time passes. We will keep you posted.
03-23-2012, 12:13 PM #2
just shows how fragile the market can be...PANIC
03-23-2012, 12:17 PM #3
PURE SHENANIGANS! Guess what? Someone/group just made Million$ off of this "accident"...
03-23-2012, 12:19 PM #4
So uhh that that buy at 542.8 go through? How does that **** work?
03-23-2012, 12:43 PM #5
03-23-2012, 01:17 PM #6
03-23-2012, 06:23 PM #7
Damn I should have bought bought bought. I'd be up a ton right now."Time circuits on...flux capacitor...(gulp)...fluxing"
Please read again I only give one warning - thanks!
03-23-2012, 06:56 PM #8
Good way to bring down a company or injure this country, fat fingering. Who would have thought?
03-24-2012, 06:50 PM #9
03-24-2012, 08:41 PM #10