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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (55212)10/2/2002 7:31:39 PM
From: bruceleroy1_-  Respond to of 209892
 
if the market continues down tomorrow, Bear Sterns is going to wish that they completed the "erroneous" sell order



To: Paul Shread who wrote (55212)10/2/2002 8:44:30 PM
From: bcrafty  Read Replies (2) | Respond to of 209892
 
"The program may have been an error, but not the conclusion"

An interesting quote from one trader about the late day trading error.

Here's a fuller story on the whole day, including the Bear Stearns error. (BTW, the description of the trade sounds like arbitrage to me, just like you said earlier)
thestreet.com


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