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Re: todd72113 post# 51375

Wednesday, 08/14/2013 10:18:45 AM

Wednesday, August 14, 2013 10:18:45 AM

Post# of 183586
No way they will reverse that trade

The trade for 908,662 was executed at 09:30:12 when one only MM was listed and the BID was .0001, which is what it was since about 7:00 this am and had not changed. It is like this many morning prior to most MM entering their BID and ASK at the 9:30 open.

It is August, BIG VACATION time across Wall Street and many trading desk are short staffed as the markets are traditionally slow anyway at this time.

Doubt they could have hit the sell button that quick, someone may have listed the sale prior to the opening and with out a limit, they got screwed good on that trade. The amount of shares sold was very specific and odd amount at 908,662 so most likely someone sell all their shares.