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Re: Lucky_Charm$ post# 13437

Monday, 05/24/2010 6:56:07 PM

Monday, May 24, 2010 6:56:07 PM

Post# of 172990
Oftentimes, when people arent planning on selling their stocks soon they will set a GTC Limit order to sell and set it high, so it shows up on L2 for numerous reasons, but every once in awhile, someone puts one less 0 than they mean to and try to buy the stock at much higher than normal, and the said person above set to sell the stock at that level, not thinking it will sell, but just to have the limit order in. And boom it fills..

We call it a fat finger and it happens, but alot of brokers will send a warning message now if you make a accidental fat finger trade.


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