What are you buying?

[tojo]

IPL.UN went to $6.50, FTS to $16.65, FCE.UN $7.75, TRP 30.00, PG $39.37 !!! What happened? Some kind of market manipulation?

[Toronto.gal]

A wild day indeed and I was trading at that very moment; never seen anything like it.

Apparently there was a technical glitch which caused P&G to plunge 37% in just a few minutes. P&G alone is supposed to have made up a big part of the almost 1000 point plunge that eventually recovered to -300.

[tojo]

IPL.UN went to $6.50, FTS to $16.65, FCE.UN $7.75, TRP 30.00, PG $39.37 !!! What happened? Some kind of market manipulation?

Some of these lows have been revised or corrected - but you wonder if someone made a killing today on the market.

[rookie]

Some of these lows have been revised or corrected - but you wonder if someone made a killing today on the market.

or got killed if they placed a market order!!!

[HaroldCrump]

IPL.UN went to $6.50, FTS to $16.65, FCE.UN $7.75, TRP 30.00, PG $39.37 !!! What happened? Some kind of market manipulation?

They are saying a sell order for million some shares got entered as billion some, which caused the tumble.
P&G and the SEC are launching an investigation.
These days, I don't know what to believe and what not to.
Could be another of those automated trading programs that Goldman Sachs built - remember the one found stolen a few months ago?

I am kicking myself for watching TA and didn't realize what was going on (the real tumble lasted less than an hr.)
Much as I liked picking up TA for 20, I would have much rather had FTS for 16.65.
Oh well, who knew?

[tojo]

They are saying a sell order for million some shares got entered as billion some, which caused the tumble.
P&G and the SEC are launching an investigation.
These days, I don't know what to believe and what not to.
Could be another of those automated trading programs that Goldman Sachs built - remember the one found stolen a few months ago?

I am kicking myself for watching TA and didn't realize what was going on (the real tumble lasted less than an hr.)
Much as I liked picking up TA for 20, I would have much rather had FTS for 16.65.
Oh well, who knew?

Yeah, I keep thinking Goldman is behind all this...who knows these days. I bet you someone out there made out like a bandit. I too would have loved to have picked up FTS for 16.75 or IPL for 6 and change. I believe all trades are being reviewed, so any trade that was too good to be true would likely be reversed.

I have no idea what's going to happen tomorrow. On one hand, would love to pick up some nice dividend stocks cheap, but on the other don't want to see all that equity built up evaporate. I'll probably put down some low-ball bids for tomorrow and hope for the best . It could be ugly - I heard the Nikkei is already getting smoked as I write this...

[celishave]

Looks like we are headed for a drop. On my watchlist is:

CNRL
Thompson Reuters
Methanex
Sino Forest
CN Rail
Enbridge
Cineplex Odeon
Calloway REIT
Boardwalk

All would be new positions except for Enbridge

[Mich]

Started a position in SpartanExp SPE.TO, IMO undervalued given its Cardium & Bakken exposure.

[Taxsaver]

A wild day indeed and I was trading at that very moment; never seen anything like it.

Apparently there was a technical glitch which caused P&G to plunge 37% in just a few minutes.

At EVERY company I've worked for, when we really screwed up with a customer's order, we never admitted that we did. We always said, "A technical glitch happened".

[HaroldCrump]

They are saying a sell order for million some shares got entered as billion some, which caused the tumble.
P&G and the SEC are launching an investigation.

So now they are saying that "billion for million" theory is probably not the cause.
They are saying it was a "combination of several factors".
I don't trust them one bit.
I'll take my conspiracy theories, thank you very much.
Maybe someone will make a movie on this in a few years time, like "The International".