Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Anthony@Pacific who wrote (72215)	6/30/2001 8:10:46 AM
From: Wayne Rumball	Read Replies (1) of 122087

Well I was watching the whole thing. I doubt it had anything to do with funds, or anything other than a total breakdown of the system. What I saw were most likely market orders routed to ECNs instead of market makers. I was watching the downside. That triggered stop loss orders, that were as well sent to ECNs. Lack of liquidity on the ECNs crushed many stocks. Looking at the trades, most before 5pm that were outrageous were cancelled, any identical trades after hours were not. What a mess. It'll take Nasdaq days to decide what trades should be broken and what trades will stand, and just as long for me to figure out what the hell I actually own, since I was buying anything 50% down and more the last 10 mins

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