BATS Gone Wild: Today's Flash Crash In 84 Stocks Will Not Be Televised (Nor Appealed)

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Mon, 04/25/2011 - 14:53 | 1204660 Mongo
Mongo's picture

Holy bat crap!

Mon, 04/25/2011 - 15:02 | 1204694 depression
depression's picture

13:58:25 OBAMA: 'Call that asshole Niederauer and tell him these Terrorist Speculators Must Be Stopped Now !'

Mon, 04/25/2011 - 15:19 | 1204771 SheepDog-One
SheepDog-One's picture

Call Neiderauer, he's a sneaky little shit.

Mon, 04/25/2011 - 15:19 | 1204787 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

It Niedermeyer, Sir -- Douglas C. Neidermeyer.

Mon, 04/25/2011 - 15:25 | 1204797 jesse livermoore
jesse livermoore's picture

if you mention the words extortion again I will have your legs broken

Mon, 04/25/2011 - 15:28 | 1204819 repete
repete's picture

Neider way call him!

Mon, 04/25/2011 - 19:15 | 1205680 rocker
rocker's picture

Confirmation Alert:  The Market is Rigged

Mon, 04/25/2011 - 16:01 | 1204982 Smu the Wonderhorse
Smu the Wonderhorse's picture

"Now listen, Colonel Bat Guano, if that really is your name..."

Mon, 04/25/2011 - 14:54 | 1204665 Cognitive Dissonance
Cognitive Dissonance's picture

So what happens if you traded for a loss down 29.9%?

Never mind. I think I know the answer.

Mon, 04/25/2011 - 14:56 | 1204675 besodemuerte
besodemuerte's picture

+1

Mon, 04/25/2011 - 15:08 | 1204728 bobby02
bobby02's picture

What happens if you short at 100 and then cover at 70, only to have your cover canceled. Are you still short? Or do both trades get cancelled. If the latter, then the seller at 100 is still long? What if he already spent the cash?

Who decides who eats the eventual loss? It sure as hell won't be the exchange.

Mon, 04/25/2011 - 15:29 | 1204811 Sudden Debt
Sudden Debt's picture

That loss would be for Goldman Sachs. Can't have that now do we?

So those will be cancelled.

Only those who lost money besides GS are screwed.

 

It's GOOD to know... Obama.

SPEEDDIAL BITCHEZ!

Mon, 04/25/2011 - 15:42 | 1204869 fellatio is not...
fellatio is not fattening's picture

They bust your buy at $70 and u r still short at $100.  What's fucked is the person who see the buy to cover  get filled and goes away for the day, stock goes back to $80+ and he finds out he's still short, if he placed orders using proceeds of the $70 cover and doesn't have margin buying power to cover he gets a margin call, better have add'l. cash

Mon, 04/25/2011 - 15:50 | 1204907 bobby02
bobby02's picture

That's what I would think too, but have not been able to find a source or any information about it. With all these trade cancellations, it must have happened. Do you have a source?

An equally scary scenario is stop loss orders - you enter 10% below the market and get taken out at -29%.

Mon, 04/25/2011 - 16:45 | 1205166 fellatio is not...
fellatio is not fattening's picture

I used to be a branch mgr and a large firm, this is what is done, trust me, I had many conversations with clients that were on the wrong side of a cancellation.  However the info will be on the website for the appropriate exchange, i.e. NYSE, NASDAQ, etc

Mon, 04/25/2011 - 16:53 | 1205212 bobby02
bobby02's picture

OK. Will check their sites again. If you come accross a link, please ping me.

Mon, 04/25/2011 - 15:53 | 1204909 Pegasus Muse
Pegasus Muse's picture

It's good to own Obama.

Mon, 04/25/2011 - 17:13 | 1205280 Zero Govt
Zero Govt's picture

not just Obumma, but both sides of the aisle...

...and when you lose the game, you just suck on Washington and 'Bingo' you're back in in no time flush with Benny bucks ..

..the losers at Goldman Sucks don't like losing, so they rigged the game long ago 

Mon, 04/25/2011 - 19:19 | 1205703 rocker
rocker's picture

This part has nothing to do with Bambi, it has to do with Goldman Shafts and the like.  Bambi sucks because he caved to the bankers as all the Good President Slaves Do. It is the US Banking Cartel mandate.

If you want to throw politics into it, it is more the fault that Republicans want the markets to go completly back to the old game.  For myself, I no longer care either way. We are Japan now.  I just want to know who controls the game.

Tue, 04/26/2011 - 23:30 | 1210136 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

Eight years of Bush bashing with Bambi the leader of the band for a couple of years and not once, ever, did we hear they all do it. It is not his fault. Every POTUS acts this way.

Obama supporters are fucking insane.

Mon, 04/25/2011 - 14:55 | 1204671 Sokhmate
Sokhmate's picture

Cute bat, btw.

Mon, 04/25/2011 - 14:55 | 1204673 Silver Bug
Silver Bug's picture

PURE Banana Republic. Of course they won't talk about it. It was only a fat finger right? It would never have anything to do with China annoucing they want to cut 2/3rds of US debt?

 

http://silverliberationarmy.blogspot.com/

Mon, 04/25/2011 - 14:54 | 1204678 TN Jed
TN Jed's picture

Coffee's for closers only.

Mon, 04/25/2011 - 15:45 | 1204872 Sudden Debt
Sudden Debt's picture

:) +10

Wouldn't that cause a riot at the office where I work :)

 

Mon, 04/25/2011 - 22:56 | 1206467 Frenchroast
Frenchroast's picture

I'll second that...

Mon, 04/25/2011 - 14:54 | 1204681 AC_Doctor
AC_Doctor's picture

Holy bat guano!

Mon, 04/25/2011 - 14:56 | 1204689 disabledvet
disabledvet's picture

Maybe they should call Batman?

Mon, 04/25/2011 - 20:46 | 1206125 New_Meat
New_Meat's picture

would take a Marvel guy/gal to unfuck this mess.  DC no playaz'

- Ned

;-)

Mon, 04/25/2011 - 14:57 | 1204695 Brokenarrow
Brokenarrow's picture

Its all so fucking crooked.

I ran a nasdaq desk. there were no "overs!" "we get overs, daddy!"

fucking babies...........

Mon, 04/25/2011 - 15:00 | 1204700 DonutBoy
DonutBoy's picture

If the SEC would just tell us today's price in the morning we could eliminate all this back and forth, excuting and then canceling.

Mon, 04/25/2011 - 15:03 | 1204707 cswjr
cswjr's picture

Lol, reduce electricity use, too... promote energy independence!

Mon, 04/25/2011 - 17:46 | 1205411 tomster0126
tomster0126's picture

no joke--buy local foods and help create a new infrastructure NOT based on oil.

 

www.forecastfortomorrow.com

Mon, 04/25/2011 - 16:17 | 1205039 NotApplicable
NotApplicable's picture

No doubt. Do you have any idea how much energy is wasted through the process of price discovery?

Just set it and forget it!

/sarc

Mon, 04/25/2011 - 17:55 | 1205436 Mesquite
Mesquite's picture

Ah..That's for the insiders only...You know better than that..

Mon, 04/25/2011 - 14:59 | 1204702 Id fight Gandhi
Id fight Gandhi's picture

But but all these exchanges and dark pools and hfts create liquidity and help keep the market going. How can we function wihtout them

Mon, 04/25/2011 - 15:14 | 1204717 williambanzai7
williambanzai7's picture

Mon, 04/25/2011 - 16:05 | 1204994 Cognitive Dissonance
Cognitive Dissonance's picture

Yup. There was still some wood in that bat. So what's the problem?

BTW someone didn't drill down the center of the bat. As mom always said if you're gonna cheat, lie or steal do it well or don't do it at all.

Amateurs.

Mon, 04/25/2011 - 17:47 | 1205415 Problem Is
Problem Is's picture

Sammy?
George "Cry-Baby Pine Tar" Brett spent a lot of hours in his garage on the wood lathe during his career...

Mon, 04/25/2011 - 22:56 | 1206462 harveywalbinger
harveywalbinger's picture

For insulting perhaps the greatest hitter of his generation & one of the last of the pre-corporate non-thug, non-pedophile, non-rapist, big league ball players, I feel compelled to identify you as a proper douchebag.

Fuck off kind Sir

Mon, 04/25/2011 - 15:08 | 1204731 Racer
Racer's picture

and if mine was 29.99% and stopped out.... WAHHHH not FAIR....

Mon, 04/25/2011 - 15:10 | 1204734 tmosley
tmosley's picture

I propose we call this event "The Great BATS Hit".

Mon, 04/25/2011 - 15:11 | 1204740 Bam_Man
Bam_Man's picture

"Now go home and get your f**king shine box."

-Billy Batts

Mon, 04/25/2011 - 15:10 | 1204748 monopoly
monopoly's picture

Does this ever end. Never a dull moment. So many reasons why I have 0 interest in this broken market.

Nice consolidation today on miners, etc.. No rush. We all have time. Not trading, and like what I got.

Mon, 04/25/2011 - 15:19 | 1204783 SheepDog-One
SheepDog-One's picture

Fucking rigged casino...you win a hand they close the payout window.

Mon, 04/25/2011 - 17:50 | 1205426 tomster0126
tomster0126's picture

Nope, never a dull moment.  this is what we live for, while the rest of the nation sleeps we watch the goons sweep their money away.

 

www.forecastfortomorrow.com

Mon, 04/25/2011 - 15:12 | 1204753 carbonmutant
carbonmutant's picture

I wonder which senators were on the wrong side of that trade...

Mon, 04/25/2011 - 15:13 | 1204758 DNB-sore
DNB-sore's picture

how many batmans and batmobiles can prevent this kind of fascism?

oh yes, batman does not exist and that sucks

Mon, 04/25/2011 - 15:17 | 1204768 AldoHux_IV
AldoHux_IV's picture

Good thing the SEC is on the beat, otherwise I would feel helpless in this ever manipulated market... HA!

Mon, 04/25/2011 - 15:19 | 1204770 RobotTrader
RobotTrader's picture

Somebody please "Flash Crash" TZOO......

Before it gets to $200

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