Replies to post #102613 on Innovation Pharmaceuticals Inc (IPIX)

[Drano]

Here's an article about trader errors that can cause wild swings in stock price. When they refer to mistakes that can cause trades 1000 times what is intended -- doesn't that sound like CTIX isn't the only stock in history that had a fat finger trade?

A trader’s “fat finger” causes him to put through an order to buy stock that is 10 times, 100 times or 1,000 times the amount he intended, resulting in a massive swing in the price. The entire stock market crashes 9% in a single day, with the majority of those losses taking place in five minutes, only to see all of the losses erased before the day was over, all due to the use of new automated trading software. (An event that would go down in history as “the Flash Crash”.) Or, as happened earlier this week, some Fidelity brokerage clients had online orders delayed or duplicated within a 30-minute window of time.

http://www.theguardian.com/money/us-money-blog/2014/mar/20/flash-crash-stock-investing-tips-caution