5 ms·

I was at a trading desk today, there really were issues at Nasdaq. I've never seen such fury and never heard such obscenities. Traders didn't know what their po

I was at a trading desk today, there really were issues at Nasdaq. I've never seen such fury and never heard such obscenities. Traders didn't know what their positions were and those who did know of their positions, couldn't be sure of the price they received.

ChuckMcM 14y ago
So, any guesses what these weird after-hours spikes @$42 are? http://www.google.com/finance?q=NASDAQ%3AFB http://www.google.com/finance?q=NASDAQ%3AFB See the peaks at 4:24, 4:52, 5:10PM pacific? Nearly a million shares changing hands after hours >10% above the official closing price for the day? That is some strange stuff on IPO day.
- rhizome 14y ago
  I don't know and am not in the biz, but anecdatally, from my memories of the manipulation of SCOX in years past the high afterhours trades are used to bump up the opening price the next trading day.
- paperwork 14y ago
  Good question. Looks interesting, unfortunately I have no idea.