250,000 put orders jammed the DOW - Penny Stocks

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.

Insider · Tue, 02-27-2007, 06:42 PM

USXP traded until 5:15pm today due to backlog.

rider3160 · Tue, 02-27-2007, 07:24 PM

interesting I think USXP drops more and then bounces hard one day I am watching it

Insider · Tue, 02-27-2007, 07:30 PM

I bought USXP today at 0.0018. I think it will bounce huge too.

Insider · Tue, 02-27-2007, 07:40 PM

Japan's NIKKEI down 5.5% or 1000 points after 30 minutes of trading.

Bloomberg.com: Worldwide

Australia's benchmark index down 3.5% after 30 mins of trading.

Australian Stock Exchange - Stock Market Information, Stock Quotes - ASX

Insider · Wed, 02-28-2007, 08:43 AM

All the plays on my big board watchlist are gapping down this a.m. Might be another red day for US big board stocks.

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.

Tue, 02-27-2007, 07:24 PM	#3 (permalink)
rider3160 I am Queens Boulevard Join Date: Dec 2005 Posts: 3,530	interesting I think USXP drops more and then bounces hard one day I am watching it __________________ Clickity clank Clickity clank The money goes in to my piggy, bank

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Tue, 02-27-2007, 06:42 PM	#2 (permalink)
Insider Member Join Date: Dec 2006 Posts: 31	USXP traded until 5:15pm today due to backlog.

Tue, 02-27-2007, 07:30 PM	#4 (permalink)
Insider Member Join Date: Dec 2006 Posts: 31	I bought USXP today at 0.0018. I think it will bounce huge too.

Tue, 02-27-2007, 07:40 PM	#5 (permalink)
Insider Member Join Date: Dec 2006 Posts: 31	Japan's NIKKEI down 5.5% or 1000 points after 30 minutes of trading. Bloomberg.com: Worldwide Australia's benchmark index down 3.5% after 30 mins of trading. Australian Stock Exchange - Stock Market Information, Stock Quotes - ASX

Wed, 02-28-2007, 08:43 AM	#6 (permalink)
Insider Member Join Date: Dec 2006 Posts: 31	All the plays on my big board watchlist are gapping down this a.m. Might be another red day for US big board stocks.