Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 259.17

+1.1%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: michael97123 who wrote (66385)	10/2/2002 8:24:43 PM
From: BelowTheCrowd	Read Replies (1) of 70976

Well, it looks like they actually executed over $600 of the erroneous sells. Some people speculate that traders will rush in tomorrow to push up the prices on some of the stocks before Bear is able to get back in and buy to cover their position. At the same time, Bear is saying the order is "fully hedged" but I sort of doubt that. They bought a bunch of SPY in the closing minutes (leading to a slight bump just before the market closed), but I doubt they adequately covered exposure to a mistaken $600m+ sell program. A bounce on this news in the morning would probably be shortable. mg

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next