The market is being manupilated by market makers. People call it a 'computer glitch", translation=mm’s reached into your accounts and stole your cash! The software running this show trades gagillions of shares a day. It handles trading halts and resumptions of the likes of Dendreon (DNDN) etc… without failure. However knowing that the DJIA is an INDEX FUND… several stocks traded to rediculously low levels dragging down the index.
And everyone jumps on the GLITCH bandwagon? Every headline I see is "trading glitch. " We’re not all a bunch of idiots, so why is that a good enough explanation?
Trading “glitch?” Accross all of these tocks? (PG, ACN…etc…)
The media is a bunch of pansies. Nobody wants to get it right anymore.
What I want to know is who bought ACN at .02c - I mean seriously, who would have a buy order in at .02? It wouldn’t make sense. Not in the retail world. about 74k shares traded in the 1 minute that ACN hit .01 ( I don’t own, nor have owned any ACN). In order for it to sell, someone has to buy. I type at pretty decent speed and there’s no way I’d have caught that trade…
This manipulated MF is gonna bring this country down.