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Re: AAPL, Flash crash LOL

By: Decomposed in ROUND | Recommend this post (0)
Mon, 05 Mar 12 9:48 PM | 35 view(s)
Boardmark this board | De's Test Board

Msg. 39410 of 45651
(This msg. is a reply to 39407 by capt_nemo)
Jump:

Those flash crashes serve the purpose of allowing the brokers to buy up shares from everyone who was stupid enough to put a STOP LOSS order in place.

In the chart below, AAPL never "really" fell below $533. But if someone had a STOP LOSS at $533, the flash crash allowed the brokerage to steal the shares at $526 before bouncing the price back to $533 a few seconds later.

It's quite a gimmick. It's also what cost me my AOL shares a decade ago.

Lesson learned? Always use a STOP LIMIT, not a STOP LOSS. In this example, a STOP LIMIT at $533/531 would have said to "sell shares if $533 is reached, but only if a price of $531 or better can be obtained."

It makes a world of difference.

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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The above is a reply to the following message:

AAPL, Flash crash LOL By: capt_nemo in ROUND Mon, 05 Mar 12 8:41 PM	Msg. 39407 of 45651
How Long Until The Bank Of Israel Has To Be Bailed Out On Its Apple Investment? http://www.zerohedge.com/news/how-long-until-bank-israel-has-be-bailed-out-its-apple-investment?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

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