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Technology Stocks : The *NEW* Frank Coluccio Technology Forum -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (37788)	2/20/2011 2:03:35 AM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 46821

I have already changed plans, withdrawing liquidity, so the blow-back has already started: <the widespread cancellation of closed orders will inevitably lead to some nasty blowback.> It seems odd that they can even legally cancel trades. It looks very like theft, or fraud, or something that should be illegal if the Supreme Court was asked about it. What was the problem that resulted from the flash crash? Share prices went down. Then they went up again. So what? They do that every day, week, month and year. It's a puzzle why the move happening in a hurry is a problem but if it happens over a week or a day it is okay. Presumably their friends are not able to do their normal swindles when competing with million mile a minute computers zooming too fast for the crooks to make their fortunes by profiting from the gaps in the market. The gaps and times are now minuscule - an excellent market from my point of view. If the regulators allowed people to leave orders sitting in the market it would be better still. Well, they do allow them to do so, but anyone silly enough to put a low "stop loss" sell order in, or low buy order, is asking to be robbed and the computers and regulators will be happy to oblige. Mqurice