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Down,then the usual fun.....


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What f$cking games they play.

 

Watching one stock trading $27.20 x $27.21 into the close....

 

They paint it at $27.50 5 minutes after the bell for the "official" print to sticksave the 50 day.

 

Market makers are just f$cking criminals.

 

Where the f*ck is the SEC?

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$10 million a minute.

That's about how much the trading problem that set off turmoil on the stock market on Wednesday morning is already costing the trading firm.

The Knight Capital Group announced on Thursday that it lost $440 million when it sold all the stocks it accidentally bought Wednesday morning because a computer glitch.

The losses are threatening the stability of the firm, which is based in Jersey City. In its statement, Knight Capital said its capital base, the money it uses to conduct its business, had been "severely impacted" by the event and that it was "actively pursuing its strategic and financing alternatives."

The losses are greater than the company's revenue in the second quarter of this year, when it brought in $289 million.

"With the events of yesterday, you have to question if this is the beginning of the end for Knight," said Christopher Nagy, founder of the consulting firm KOR Trading.

Shares of Knight Capital closed down 63 percent, at $2.58, on Thursday. On Wednesday, the shares fell 32 percent.

http://dealbook.nytimes.com/2012/08/02/knight-capital-says-trading-mishap-cost-it-440-million/?ref=global-home&pagewanted=print

 

Toast.

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