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Re: renoldman post# 27188

Tuesday, 08/17/2010 1:24:33 PM

Tuesday, August 17, 2010 1:24:33 PM

Post# of 45173
lol, you got me, i do know one thing, that i recall that before it was 9M blocks coming through at 1, so now it seems that they have upped that sell rate considerably, just checked quote media, again we are seeing the 9M number, maybe they are getting them at .00009? I was listening to cspan yesterday when they were talking about the big sell off earlier this year, broken trades, what did they call it, the flash something?, anyway, they said that market makers may and do all the time (not sure about what percent of the trades are like this) repackage transactions, and often time turn a market order into a limit order by "repackaging it", if thats what is happening w/ the 9M blocks, like you suggest it could very well be that the original order was 70M dump?

many hands may be involved in getting the trade to market? so hard to say really, we know lanza is a sleeze, imho, so buyer beware

ps it was the "flash crash"