4 ms·
Sort of. If you were cognizant enough to "sniff out bargains," and you placed an order to buy, odds are you didn't get filled. In fact, I call BS on anyone tha
by steveplace 16y ago
Sort of.
If you were cognizant enough to "sniff out bargains," and you placed an order to buy, odds are you didn't get filled. In fact, I call BS on anyone that said they "bought on the dip" because it happened so quickly even if you put a market order in on your Etrade platform (nearly all retail brokerages locked up BTW) you wouldn't get the price you wanted. The structural flaw existed on both sides of the market.
Everyone's focusing on the lack of bids on the way down, but there were lack of offers on the way up as well. I would've expected more volume on a capitulative move like that.
- brown9-2 16y agoWell I think if the rise was too fast too take advantage of, the opposite must be true of the way down, no? I remain very doubtful that very many people were hurt by this action in the market.
- yummyfajitas 16y agoMany retail investors stupidly placed stop loss orders which hurt them on the way down. Very few people placed "don't miss out on a gain" order.