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Strategies & Market Trends : Steve's Channelling Thread

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To: Bosco who wrote (6775)10/25/2000 2:20:50 PM
From: SBHX  Read Replies (2) of 30051
 
Bosco,

Don't really want to bash the TSE, but they halted trading of NT with the reason given as "unprecedented volume".

Well, the volume was only 10M on the TSE, while by 2:25pm, 97M changed hands in NY. Even on tse, volumes of 15M for NT have occured before, so that is a lame excuse.

Only thing I can think of is that the TSE officials did not want to have a 1000 point drop in the record books. It was down a well over 930 in the morning, but only down 870 now with NT halted.

SbH
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