Presenting Today's 21 (At Least) Mini Flash Crashes

Tyler Durden's picture

Think you were the only one who could not get within 100 feet of any liquidity in today's market which bounced up and down by 5 points on any chatic whim? Think again. The day after the market saw 844 stocks trigger short-sale restrictions (meaning they dropped more than 10% in one day), not even the robots were able to pull a rabbit out of a hat and at least 21 stocks ended up flash crashing for a millisecond or much longer during today's trading session. Below are the charts of the 21 identified victims of overzealous ask-side algos, as usual courtesy of Nanex.

Random images/stocks exhibiting strange behavior on 08/05/2011:

CRP - CREDIT SUISSE GUERNSEY

QCOM - QUALCOMM

CWB - SPDR BARCLAYS CAPITAL

CHDX - CHINDEX INTL

CPV - CBS_6_3/4_%_NOTES

DRU - DOMINION RESOURCES 8 3/8 %

FCQ - FOCUS MORNINGSTAR COMM

GEG - GENERAL ELECTRIC CAPITAL

JPC - NUVEEN MULTI STRATEGY INCOME

KNOL - KNOLOGY

MER.PR.P=MERRILL LYNCH CAP TRUST III

MITK - MITEK SYSTEMS

NEE.PR.F - NEXTERA ENERGY CAPITAL

SBR - SABINE ROYALTY

VOC - VOC ENERGY

WPZ - WILLIAMS PARTNERS

XCJ - XCEL ENERGY 7.6 NOTES

ZAGG - ZAGG

AIRT - AIR T

EXLP - EXTERRAN PARTNERS

TLEO - TALEO

Source: Nanex