Replies to post #119307 on Biotech Values

[BTH]

Picture this scenario.

You have an order executed in one of these erroneous trades.

ex. IBM current market is at 172.57 x 172.83

During market-hours, IBM trades down to 140.00 on some bogus computerized print. You think you're "the man" when you have a limit order in at 141.00 and buy 5,000 shares and watch the stock trade back higher. You flip it at 151.00...sell 5,000 at 151.00 resulting in a $50,000 profit in seconds/minutes.

Then, IBM proceeds to move back to 170.00, 20 points higher than where you sold your "trade".

Market-Center bozos then cancel the trades below 150.00 a day later.

So, you actually never bought the stock at 141.00.

But, guess what? You sold 5,000 shares at 151.00, which the market center is holding you "good" on, and now IBM is trading at 180.00.

You now have a loss of $145,000.


Think about it.