Adobe Flash Smash

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Thu, 10/07/2010 - 15:26 | 633343 bugs_
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I'll have an Unhalting on the Rocks with a lime twist.

Thu, 10/07/2010 - 15:43 | 633410 Sucks_to_be_Smart
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Fucking Waddell & Reed!!!

Thu, 10/07/2010 - 16:09 | 633469 Sudden Debt
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And I'm not even mentioning my OPEN puts!!!!


Thu, 10/07/2010 - 20:41 | 634085 New_Meat
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did they break the trade  yet?  Just wondering? - Ned

Thu, 10/07/2010 - 15:25 | 633344 tecno242
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I think it would be hilarious if they let the buys stand.  LOL

Here HFT.. enjoy your Adobe stock you bought for 800K a share.



Thu, 10/07/2010 - 15:27 | 633346 TraderTimm
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The algo must've had a misplaced ">" symbol in there somewhere. Dang logic inversion.

Thu, 10/07/2010 - 15:27 | 633347 Clark_Griswold ...
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Sorry Tyler,

It was me.  I was at their web site downloading adobe to update my web porn viewing browser (to be current with SEC content) when it went crazy and triggered Waddle & Reed to sell 3.5 e-minis of the state of Sub Conscious which caused the sudden spike.

Thu, 10/07/2010 - 15:46 | 633423 williambanzai7
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Thu, 10/07/2010 - 15:45 | 633425 williambanzai7
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Thu, 10/07/2010 - 15:27 | 633349 JohnnyR2121
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"U.S. households have $70 trillion in assets," Sumerlin explained during a live interview. "And the Fed essentially needs to buy enough Treasurys and mortgages that you can get a bid on all those other assets. And when you have leakage in the international system it takes a pretty big amount to be successful. To me, it starts to get interesting at six to seven trillion dollars."

The Fed could outbid Microsoft for Adobe too. 


Thu, 10/07/2010 - 15:28 | 633350 homersimpson
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Looks like I didn't just press "any" key...

Thu, 10/07/2010 - 15:33 | 633358 Cognitive Dissonance
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So do they set the DK line at 10% above the average price in the hour before? Or because people "made" money, is everything AOK?

Just askin'

BTW Tyler it's "Flash Dash". Feel free to use it royalty free. :>)

Thu, 10/07/2010 - 15:33 | 633374 TraderTimm
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Haha, "Flash Dash". Brilliant.


Thu, 10/07/2010 - 15:53 | 633451 LeBalance
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its scary how you read my mind. :)

Thu, 10/07/2010 - 15:30 | 633363 RobotTrader
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Don't forget the flash crash that never recovered.....



Thu, 10/07/2010 - 16:10 | 633530 Mr Lennon Hendrix
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ETFs are for losers.

Thu, 10/07/2010 - 15:31 | 633365 MountainMan
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ADBE (Adobe Systems) trading up 9% on chatter the MSFT might take over ADBE

Thu, 10/07/2010 - 15:35 | 633383 Id fight Gandhi
Id fight Gandhi's picture

Nice short here.

Thu, 10/07/2010 - 15:32 | 633370 Internet Tough Guy
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Since when does Apple control the mobile phone market? They aren't even number 1.

Thu, 10/07/2010 - 15:36 | 633387 TraderMark
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Here is an intraday chart of dollar vs "everything that moves on earth". The STOOPID market in pictures.  If your IQ exceeds 25, please exit the market

Thu, 10/07/2010 - 15:37 | 633388 LongSoupLine
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"I am an algo program, and I invented Windows7"

Thu, 10/07/2010 - 16:35 | 633610 NotApplicable
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"And unlike Apple, I promote Adobe Flash."

Thu, 10/07/2010 - 15:37 | 633391 RobotTrader
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Thu, 10/07/2010 - 15:55 | 633457 LeBalance
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Oh Lord! The Brazilians intervened in dollars alright, but not dollars for rial.


Thu, 10/07/2010 - 16:23 | 633577 Cui Bono
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So let me get this straight... Each Adobe share was worth a Brazilian for like 8 seconds???

Thu, 10/07/2010 - 16:02 | 633484 goldmiddelfinger
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Why edit out the week at $35? Because it makes the bullish chart look not so bullish.

Thu, 10/07/2010 - 20:44 | 634088 New_Meat
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As Suzy asked Ms. Smyth: "how do you make it last eight seconds?"

Thu, 10/07/2010 - 15:39 | 633394 cougar_w
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Looks like more insider trading, except with the TurboBoost Profit-o-maximus robotrader option enabled. Don't these guys ever give it a rest?

Thu, 10/07/2010 - 15:44 | 633417 williambanzai7
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Yet another Waddell Event

Thu, 10/07/2010 - 15:49 | 633437 slaughterer
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Do not forget to include POZN on "The ZH Complete List of Flash Crashes"--took place just a few days before the market flash crash.   POZN was the practice run...


Thu, 10/07/2010 - 15:47 | 633426 Arkadaba
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Given how often Adobe flash has crashed my browser .... no one deserves it more

Thu, 10/07/2010 - 15:48 | 633439 Precious
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Microsoft hosts Adobe meeting?  Misery loves company.

Thu, 10/07/2010 - 15:48 | 633440 max2205
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In the old days it would have gone up 30%.

Thu, 10/07/2010 - 15:53 | 633449 sysin3
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MSFT + ADBE = a virus that eats itself

Thu, 10/07/2010 - 15:53 | 633453 williambanzai7
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Those involved in the meeting, from its logistical set up to the discussion that took place between the two companies, were instructed to stay very quiet about the two companies holding council.

Right, stay very quiet. Thats a good thought. Which genius thought of that one?

Thu, 10/07/2010 - 16:09 | 633522 Mr Lennon Hendrix
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We'ol huntin' Wabbiths!

Thu, 10/07/2010 - 15:56 | 633464 tmosley
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You think that's bad, that's nothing.  I got a real nasty flash rash after I had sex with Bernanke's mother.

Thu, 10/07/2010 - 15:59 | 633477 mule65
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Whoops! Alaska Air (ALK) -- $49.2 to $44.8 in a nanosecond.  Albeit news.

Thu, 10/07/2010 - 16:36 | 633617 NotApplicable
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Meh, just some minor turbulence.

Thu, 10/07/2010 - 16:01 | 633479 plocequ1
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Possible microsoft acquisition.

Thu, 10/07/2010 - 16:03 | 633494 goldmiddelfinger
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ADBE down 15 percent in last 3 weeks

Thu, 10/07/2010 - 16:18 | 633556 Clark_Griswold ...
Clark_Griswold Hedge Mnger's picture

Possible Waddle Event

Thu, 10/07/2010 - 16:10 | 633498 Ieetseelmeet
Ieetseelmeet's picture

This is getting nuts!

Uncertified programmers writing code without checking for any typos compiling crap administered by recent quant school grads saying lets try this and see what happens.

All algorithms should be registered with the SEC.

Just like all doctors and architects and engineers and lawyers are registered, so should all who write code and plug into the mainframe at any exchange.

The code can be kept proprietary but it should be registered like any other instrument being trader or in this case doing the trade.

Code and their writers should be registered and copies of the code presented to the SEC for a determination of eligibility.

The CFO of the trading company should sign off on it everyday to say he is responsible for any damages incurred  to any traders due to their software malfunction.


Thu, 10/07/2010 - 16:39 | 633622 NotApplicable
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All algorithms should be registered with the SEC.


Why, so Goldman can front run them all?

Thu, 10/07/2010 - 17:25 | 633733 ThisIsBob
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Thu, 10/07/2010 - 17:33 | 633754 TheAkashicRecord
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The FlashSmash(TM) algo is my IP, you must pay me royalties to use it.  The FlashSmash(TM) algo in collaboration with the FlashCrash(TM), also part of my IP portfolio, can cause great fun in the market for you and your fellow tradercriminals!

Thu, 10/07/2010 - 18:46 | 633893 Arkadaba
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It is that bad. I'm on LinkedIn and because I'm a perl hack (self taught), because I know a little bit about data mining, because I have rudimentary knowledge of Java  and because I list financial as a hobby, I have been approached  by recruiters looking to fill positions in companies developing HFTs. I would love to do it as a research project but know that I do not have the programming skills to make it production ready. It does seem to be a bit of the wild west in HFT these days.

Thu, 10/07/2010 - 19:37 | 633980 TraderTimm
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Do it, then just backdoor their settlements to funnel fractions of the trade to your own personal swiss bank account. A million pennies equals $10,000 - spread it around some of the more hyper-trading methods or up your take. Sounds like financial justice to me.

Thu, 10/07/2010 - 21:25 | 634160 Fred Hayek
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Wait.  Isn't that Office Space?  And Superman 3?

Thu, 10/07/2010 - 22:33 | 634279 TraderTimm
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It'll be the Office Space sequel: Lumbergh's Billions

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