Since it's in my portfolio and on my screen all day, I watched with equal emotional highs and lows. When it broke below $1.50, my hand hovered above the "Buy" button. But I knew it was erroneous, would be canceled, perhaps tying up my account and generally be a real mess to deal with. So I passed on "averaging down."
Speaks loudly to shameful failure of the system, as well as avoiding hard stops and instead, using mental stops, or better yet, options to hedge and protect.
Emphasis on shameful.
A
3 comments:
Good plot for a novel...imagine this sort of thing happening on a larger scale, could have created a Mega Storm....jumping out of windows and a complete worldwide Financial Crash.
I figured that you probably cleaned up yesterday Allan...hope so, Gary
Accenture traded at 1c.
This happened in the most liquid of markets. Not Khazakasthan.
Yes, shameful.
Erroneous? Can they really cancel something that has been sold at a certain price. Seems like a tough task, messy indeed.
Kind regards,
Bernhard
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