Quote:
Originally Posted by JimJoe
How the heck can they cancel trades? What about the guy who bought low, sold high and reinvested in another stock, all before the announced the canceled trades? Or the guy who sold stock as the fall started, bought at the bottom and recovered his loss? Or just the guys who saw the fall, and sold all his stock at a loss thinking the sky was falling? Are they gonna bail out all of those investors? There are many more examples.. who is going to trust the stock market from now on if they can just cancel trades they dont think were fair? WOW.
|
JimJoe
Here are two URLs which might be of interest:
The first is a list of Stock trades that were cancelled
http://media.globenewswire.com/cache/6948/file/8211.htm
The second is a statement which outlines the rules which NADDAQ abided by to make the cancellations
http://nasdaq.cchwallstreet.com/NASD...q-equityrules/
P and G, or Proctor and God as we Cincinnatians fondly refer to it as has been down before and it has come back.
Not to the 159 level which caused it to split, but up from the 29 level
to which it once dipped. Sally
