APC Halted As 200 Shares Trade At $100,000

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Tue, 07/06/2010 - 11:10 | 454264 Cistercian
Cistercian's picture

FAIL

Tue, 07/06/2010 - 11:26 | 454341 bonddude
bonddude's picture

Not if you got your short in there.

Tue, 07/06/2010 - 12:14 | 454481 SWRichmond
SWRichmond's picture

Think of the potential for bribery after this becomes a "normal" occurrence.  We have a standard news cycle: error reported, stock halted, error corrected, all is back to normal.  People get used to it, it becomes no big deal.

Now, think of how easy it would be to transfer huge sums of money in this manner, if you also controlled the so-called regulatory bodies and so-called exchanges that were allegedly unwinding these "erroneous" trades.

Tue, 07/06/2010 - 13:29 | 454657 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

I just threw up in my mouth a little.

I wish I could find a flaw in what you are suggesting. 

The NEW NORMAL -- 100x MORE SURREAL than the OLD NORMAL.

Tue, 07/06/2010 - 11:10 | 454268 Turd Ferguson
Turd Ferguson's picture

Talk about Tim Geithner's forced squeeze wet dream.

 

Now that's fucking funny.

Tue, 07/06/2010 - 11:25 | 454340 Cpl Hicks
Cpl Hicks's picture

Oh yeah, baby.

Confucius say..."Timmy who go to bed with sex problem wake up with solution in hand"

Tue, 07/06/2010 - 13:37 | 454682 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Whadya mean?  Timmay was named one of People Magazine's Most Beautiful Men in April 2009!!!

The fact that Timmay looks like Beavis to ordinary folks like us is meaningless -- this should be left up to trained folk with PHDs in fashion and beauty, such as the editors of peer-reviewed PEOPLE magazine.

Tue, 07/06/2010 - 11:10 | 454269 Astute Investor
Astute Investor's picture

I think those 200 shares were mine...I'M RICH!!!!

http://www.youtube.com/watch?v=rcCXnXDiKoQ

Tue, 07/06/2010 - 11:19 | 454304 bigdumbnugly
bigdumbnugly's picture

the trend is your friend...

Tue, 07/06/2010 - 11:11 | 454270 Leo Kolivakis
Leo Kolivakis's picture

FILLED! LOL!

Tue, 07/06/2010 - 11:11 | 454271 bugs_
bugs_'s picture

Turn those OTHER MACHINES back off!!!@

Tue, 07/06/2010 - 11:12 | 454280 Cognitive Dissonance
Cognitive Dissonance's picture

If you liked it at $100,000, you'll love it at $250,000.

Buy, buy, buy! ..........Ops, sorry..............Bye, bye, bye!

Tue, 07/06/2010 - 11:12 | 454281 ZeroPower
ZeroPower's picture

Youre right, this is getting fucking ridiculous. They should track which ECN these bad trades are routed to, i wonder if its the same one that keeps giving bad prints.

Tue, 07/06/2010 - 11:14 | 454287 EscapeKey
EscapeKey's picture

They shouldn't cancel the trades. All of a sudden you'd see this issue go away real quick.

 

Tue, 07/06/2010 - 11:20 | 454309 Assetman
Assetman's picture

Exactly.

Tue, 07/06/2010 - 11:23 | 454332 firstdivision
firstdivision's picture

+1 bad hft trade.

Tue, 07/06/2010 - 12:31 | 454522 Cursive
Cursive's picture

EscapeKey for SEC commish!

Tue, 07/06/2010 - 11:14 | 454289 Renfield
Renfield's picture

HAHAHAHA Christ I love it!!

Better than the 'flash crash' even...let's see if we can get a 'souffle' market going and all you 'nimble' traders can retire fat & happy. Maybe I should be trading equities after all.

Tue, 07/06/2010 - 11:40 | 454391 King_of_simpletons
King_of_simpletons's picture

Let's call this - flash blast.

Tue, 07/06/2010 - 11:47 | 454404 Renfield
Renfield's picture

hehehe

The woosh goose? The strike spike?

Where's a good ad man when you need one!

Tue, 07/06/2010 - 11:15 | 454291 Hephasteus
Hephasteus's picture

Hey. Let's do some heroine and trade stocks. We get it cheap from afghanistan operations.

Tue, 07/06/2010 - 11:29 | 454357 Cpl Hicks
Cpl Hicks's picture

Give it a try with heroin.

Afghanistan being the sexist country that it is it would be hard to find enough marketable heroines.

Tue, 07/06/2010 - 11:16 | 454294 walküre
walküre's picture

They just called him.. Fat Fingers

When you need that special job done, give him a call.

Tue, 07/06/2010 - 13:31 | 454666 Scooby Dooby Doo
Scooby Dooby Doo's picture

As reported earlier The Goldman Fat Finger Boy.

Tue, 07/06/2010 - 11:18 | 454300 Mactheknife
Mactheknife's picture

Let's see, just put my little market order in there for couple hundred shares of APC and look, I just bought stock. See that was easy. What the, MOMMMMMMMMM

Tue, 07/06/2010 - 11:19 | 454307 unwashedmass
unwashedmass's picture

 

i am loving this.....i mean, the manipulation in the gold shares is so blatant it is breathtaking.....

bids are bombarding the stocks....AND THEY ARE FALLING!!!!!!!!

AUY, UXG, even some of the big boys...RGLD, GG...

Tue, 07/06/2010 - 11:19 | 454308 Turd Ferguson
Turd Ferguson's picture

Interesting that the old ES ran right up to 1038 and hit the wall.

Let's just see what the afternoon holds. The PPT will have to work very hard to avoid a major reversal day.

Tue, 07/06/2010 - 11:21 | 454318 TWORIVER
TWORIVER's picture

No real surprise to see resitance tested on the daily chart. SPY likely to close below 103 on this fail.

Tue, 07/06/2010 - 11:30 | 454358 Turd Ferguson
Turd Ferguson's picture

It would be seriously fucking funny if equities reversed today. Serve the fuckers right.

Tue, 07/06/2010 - 11:37 | 454386 TWORIVER
TWORIVER's picture

Tough to say they will close in the red, but below 103 is no stretch.

Tue, 07/06/2010 - 15:16 | 455015 Turd Ferguson
Turd Ferguson's picture

Hmmm...

Tue, 07/06/2010 - 11:31 | 454368 HelluvaEngineer
HelluvaEngineer's picture

check out IYR - (w.t.)fugly

Tue, 07/06/2010 - 11:20 | 454311 papaswamp
papaswamp's picture

Andarko? 25% stake in the Macondo site? this is just too much today.

Tue, 07/06/2010 - 11:21 | 454316 unwashedmass
unwashedmass's picture

 

i'd lik to draw the class' attention to AUY...earlier this morning, this stock fell as the bids outnumbered the asks five to one!!!

now that, .....that is Timmy's real wet dream.

Tue, 07/06/2010 - 17:06 | 455403 1fortheroad
1fortheroad's picture

MM do that all the time, its called a trap on the bid. They stack the bid, limit

the ask and the price keeps going down. Nothing new, been going on for years.

Tue, 07/06/2010 - 11:21 | 454317 unwashedmass
unwashedmass's picture

 

i'd lik to draw the class' attention to AUY...earlier this morning, this stock fell as the bids outnumbered the asks five to one!!!

now that, .....that is Timmy's real wet dream.

Tue, 07/06/2010 - 11:21 | 454319 Paper CRUSHer
Paper CRUSHer's picture

$100000 yes your eyes are not deceiving you.

C'mon, gather around,gather around folks and take the HYPNO-TEST........only 2 cent$......go ahead and take closer look and see your eyes are not deceiving you....gather around folks.

http://www.paraswadher.com/wp-content/uploads/2009/05/optical-illusion.png

Now what did you see?

Tue, 07/06/2010 - 11:22 | 454322 Chemba
Chemba's picture

maybe they plugged the hole

Tue, 07/06/2010 - 13:43 | 454703 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

+2 (subtle -- but very very funny)

Tue, 07/06/2010 - 11:23 | 454327 unwashedmass
unwashedmass's picture

now we are at 23 bid to 1 ask...HOW LOW CAN WE GO????

Tue, 07/06/2010 - 11:23 | 454328 unwashedmass
unwashedmass's picture

now we are at 23 bid to 1 ask...HOW LOW CAN WE GO????

Tue, 07/06/2010 - 11:24 | 454334 Dr. No
Dr. No's picture

This is why I am now putting a crazy good-till-canceled order on my positions.  Just waiting for a glitch to make me rich!  -hey, I just created a new rallying cry for the modern day investor!!

Tue, 07/06/2010 - 11:27 | 454345 bugs_
bugs_'s picture

Come on Lady Luck gltich and make me rich...oh and also don't let them bust my trades!

Tue, 07/06/2010 - 13:47 | 454709 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

I'M RICH, GLITCH!!!

Tue, 07/06/2010 - 11:26 | 454342 itsjustgraft
itsjustgraft's picture

this is not an accident - the quants are hacking other quant programs and forcing competitors to fuck up.

Tue, 07/06/2010 - 11:27 | 454348 unwashedmass
unwashedmass's picture

AUY...bids now 30 to 1 ask as the stock falls another 2 cents!!!!!!!!!!!!!!!!

can i get a witness or what????

go Timmy go....you have the most super duper computers in the world...that is fo' sure...

Tue, 07/06/2010 - 11:27 | 454349 unwashedmass
unwashedmass's picture

AUY...bids now 30 to 1 ask as the stock falls another 2 cents!!!!!!!!!!!!!!!!

can i get a witness or what????

go Timmy go....you have the most super duper computers in the world...that is fo' sure...

Tue, 07/06/2010 - 11:31 | 454363 MGA_1
MGA_1's picture

This would be like a hockey stick on the charts, right ?

Tue, 07/06/2010 - 11:31 | 454367 oscar t. grouch
oscar t. grouch's picture

any fool could see that $100,000.25 was huge long-term resistance.  i still think my $100,000.10 offer has a chance.

Wed, 07/07/2010 - 03:43 | 456176 saulysw
saulysw's picture

That really made me laugh...

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