Replies to post #562172 on Fannie Mae-No Politics (FNMA)

[TRCPA]

The MM's should have filled the order at the going price. I've seen that happen before. Unethical on their part, as well as distorting the market.

[Mr_Miyagi_9]

that's not how limit orders work...if a limit order was placed, the best available price would have been filled, which would have been the bid price at that time...

[VMB-1]

~FAT FINGER...but how was it Executed @Market Limit....

[rantomac]

No one got screwed. Didn't trade at $3.18. Only printed at $3.18!!! Will be taken down at some point. Everyone needs to relax!

[Jason-H]

I heard the unusual price trading could be reverted. Hope it is the case. The spike is so weird. Does it mean no buy order at that moment?

[10bambam]

Is there a way to know how many shares it was? I wonder how much money this person screwed themselves out of?

[bcde]

"Someone typed 3.185 instead of 3.815 (switched digits) for a limited sell order. Makes sense because the PPS was at around 3.80 then. Then it got executed immediately.

As I said, an expensive mistake for more than 300k shares!"

It does not work like that. System will sell at highest bid price even when ask price is low. May be there was some irregular things happening.