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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (63407)	5/6/2010 10:47:51 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217756

some hkg-based boyz say that the trade was 50 billion in size citi denied it was responsible which leaves ... hsbc and gs whoever denies it, the one left is guilty, and got bailed out, again, more than likely assuming the 50 bil number is close to truth let's wait n see

To: carranza2 who wrote (63407)	5/7/2010 1:59:16 AM
From: TobagoJack	Respond to of 217756

this is funny, just in in-tray This ETF Just About Touches ZERO In A Wild Day Of Trading May 6th, 2010 “Some exchange-traded funds and notes may have experienced trading or pricing glitches during Thursday’s market gyrations. The iShares Russell 1000 Value Index Fund (NYSE:IWD) lost 3.5% on Thursday to close at $59.27, but at least one trade in the afternoon crossed at 7 cents a share, according to FactSet Research,” John Spence Reports From MarketWatch. “These ETFs traded to lows that are not mathematically correct,” said Chicago Mercantile Exchange spokesman Allan Schoenberg, according to a WSJ.com report. On the same issue the WSJ reported, “A trader’s curse can be an exporter’s blessing. All eyes were on the swan dive in U.S. stocks on Thursday, with some shares, including the iShares Russell 1000 Value Index ETF (NYSE:IWD) almost touching zero. Yet currency markets also witnessed stomach-churning convolutions. At one point, the euro fell 8% against the yen, ending down 5.5%. Given currency traders’ leverage, some may face crushing losses.” Here is a look at today’s daily chart on the iShares Russell 1000 Value Index ETF (NYSE:IWD): Here are some other details on the iShares Russell 1000 Value Index ETF (NYSE:IWD): The investment seeks investment results that correspond generally to the price and yield performance of the Russell 1000 Value index. The fund invests at least 90% of assets in the securities of the underlying index. It uses a replication strategy in order to track the Russell 1000 Value index, which measures the performance of the large-capitalization sector of the US equity market. The fund invests in those Russell 1000 index companies with lower price-to-book ratios and lower forecasted growth.

To: carranza2 who wrote (63407)	5/7/2010 2:14:02 AM
From: TobagoJack	Respond to of 217756

more funnies, just in in-tray I'd say whoever bought that 100,00+ shares of IWD below $10 per share is plenty pissed since his purchase has been cancelled. An email from a quant trader friend of mine: "I only know what happened to us - we were short and the bounce back triggered short covering (profit taking). Our execution algorithm, on exit, will execute partly at market and partly against the order book. We basically bought into a vacuum and got screwed because the exchange moved the goal post and will only bust trades that are 60% off market last night. On a normal day we were told by our broker these trades will be busted. We are changing our exit algorithm to prevent this from happening again."