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InterDigital, Inc. Message Board

  • tonyforgoog tonyforgoog May 6, 2010 3:50 PM Flag

    did u guys see those glitches

    i saw everything went haywire for 5 mins.

    IDCC went to 22 bucks.

    someone bot it (most likely covered)
    someone sold (triggered)

    wow. person picking up at 22 are sitting pretty with 4 bucks instant gratification

    note that i think we need few more days for this to settle. the volume is approx 2 times. this is a pure trigger

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    • Those trades will not be valid according to the latest news. Trades executed between 2:40 to 3:00 yesterday afternoon will not be warranted. I wonder how they could clean the mess.

      • 1 Reply to pfchang2000
      • Pfchang, it is my understanding that the only trades which were busted were those where the trades were more than 60% off the final price of the day. Thus, the one cent trades for Accenture and the firm which makes Samuel Adams beer were cancelled but the $39 trade for PG and the $199 trade on AAPL stood.

        It really makes you think twice about using stop loss orders. Imagine, Apple was trading around $247 and you get stopped out at $199! Same thing on Proctor & Gamble -- it was trading around $61 per share and you get stopped out at $39, all in a matter of a couple of miinutes and then both stocks return to their previous levels.

        Stuff like that might even convince the GOP that markets don't always take care of themselves and the public could use a little regulatory protection.

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