Sunday, May 09, 2010

NYTimes: The Trades of a Lifetime in 20 Minutes

By luck, savvy or lightning speed, there were gobs of money to be made from the bargains that came and went in an instant on Thursday.

http://nyti.ms/bhEo3c

On Friday, the Nasdaq market said it would cancel all trades that had occurred in the 20-minute period between 2:40 p.m. and 3 p.m. on Thursday that were 60 percent higher or lower than the last trade at 2:40. "This decision," the exchange noted on its Web site, "cannot be appealed." 

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