Try 90 seconds! Margin liquidation selling had to be the reason! No trader did this, it was a margin clerk that pulled the trigger and hit every bid until his customer was liquidated. Along the way stop loss orders were triggered which added to the freefall. Those that had old GTC limit buy orders on the book made out like bandits as the stock traded down to $7.50. Will probably open in 15-18 area and if it holds will move quickly back up into 20s. News was enormous! This type of freefall is a problem with electronic trading and no specialist in place.
this is NAM FONG
I have many posts from the past that I have called dead on!
I will not call this one but will offer that DNDN has been a scam stock that the big boys, that take their orders from the Illuminati, many Americans do not believe in the Illuminati but in the past they believed in the mob.
Illuminati is just like the mob except for like your movie "THE WIZARD OF OZ" They rule from behind the paid actors that you think make the rules. Your House, your Senate has been paid off long ago, just like in my country of China. I can also tell you that I barely escaped my country and now live on a small Island, If I gave you the name you would recognize it but I won't. It is very much like Fuji, that is the only hint I will give you.
What would I be buying to make back money you will lose here?
SIRI PALM, (has a new smartphone coming out called the PRE youtube it, the testers have knicknamed it the Iphone slayer.
Once it breaks its 52 week high again lookout, it has made a new 2 or 3 times each week, look at the low valuation and then look at RIMM and APPL marketcap then LOAD on PALM
Siri accumulate weekly. LDK could explode on news and once it crosses 9.50, it will not stop till 12.90, if it crosses that it will not stop till 18.
Buy LDK before the masses realize how cheap it is, the hedge funds in 1 day can take it to where it needs to go to trigger much higher prices in 1 day.
LDK and PALM, easy money if you have patience.
Siri is much riskier but your % gains could and should be huge!
The trades happened between between 1:25 and 1:27 p.m. EDT and Nasdaq says they will let the trades stand. There is no way in hell the stock's price can be cut in half on very little volume in less than two minutes!!
Buddy for ur loss id hope that for you. BUT like when this happened to UAUA when an old report came out saying they're going BK again, ALL TRADES STOOD. No one is gonna investigate anything, or get ur money back. They do NOT do that in the market no one does, not the NASDAQ not the SEC no one. They dont have the manpower to even IF illegal, sorry...