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mpreorder

09/26/17 9:34 AM

#35853 RE: Simple Steve #35851

You're explanation can only explain the downward slope of the graph, I believe. The way I remember it the stock rebounded in minutes, if not seconds. There isn't a scenario in the world that would explain this without computer algo's, IMHO.
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ignatiusrielly35

09/26/17 9:53 AM

#35857 RE: Simple Steve #35851

Steve, anyone who watches trading on Level II for a long period of time and understands trading will tell you that there is absolutely zero chance that a flash crash like that occurs naturally. It is almost literally impossible due to the speed with which it occurred, the volume, and the huge move that resulted. The fact that it occurred based on great news, within roughly 90 seconds of the news, is a further reason. There is no way that so many traders could have even read and understood the results before the crash. It was 100% pre-planned, and it was not news dependent. It was dependent only on the FACT that news was coming out. The HFT manipulators were waiting for the PR to then immediately order the computers to crash the stock, in order to enforce the initial incorrect impression that the results were bad, triggering stop losses, panic selling, etc. When the market realized that the news was actually great, they started buying and it quickly reversed. The conspiracy about Dan conspiring with the culprits is borderline ridiculous, and lacks a shred of evidence.