Posted by Colin Doyle June 30, 2010
Well,
what do ya know? Looks like we had another
"flash crash" yesterday. This time, shares of the not-so-venerable Citigroup
(C) plunged 17% in less time than it takes
banksters to raid the U.S. Treasury of taxpayer money to cover their bad trades. Which, as we all know, can happen rather fast. However, the 5 minute freeze in trading activity which is triggered by a rapid plunge in shares allowed for the trade to be corrected and the stock to open up at a price that was in line with earlier trading activity.
Chart Courtesy of Zero Hedge/ Bloomberg Terminal.
LINKS:
No comments:
Post a Comment