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Insider · Tue, 02-27-2007, 06:05 PM

according to msnbc, 250,000 short sell orders were placed in the last 30 minutes of trading, which jammed the system and shut-down trading. DOW was expected to close down 650 points, but the system order jam prevented further selling.

Glitch expected to be fixed for tomorrow's trading, but the market will open with the 250,000 puts that were not logged from today.

Tue, 02-27-2007, 06:05 PM	#1 (permalink)
Insider Member Join Date: Dec 2006 Posts: 31	250,000 put orders jammed the DOW according to msnbc, 250,000 short sell orders were placed in the last 30 minutes of trading, which jammed the system and shut-down trading. DOW was expected to close down 650 points, but the system order jam prevented further selling. Glitch expected to be fixed for tomorrow's trading, but the market will open with the 250,000 puts that were not logged from today.