Wednesday April 24 2013
Our title for last weekend's post was
Flash Crash Potential Increases
Yesterday it happened. Syrian hackers broke into the AP Tweet Account and sent a false report. The report was about a White House Bombing. As you can see at right the markets dropped and rebounded. One wonders just how much computers drove this or humans. Again, a reason to be concerned about market involvement. At any rate, a spot on correct asssessment from TMP.
Jesse comments on the Flash Crash.
The after hours jubliation at Apple was short lived. An article in the WSJ today suggests Samsung is surging on the tech front, we noted the eight page Samsung ad yesterday in the WSJ.
this is playing out as Ramki expected. Notice the large $20 trading range the first few minutes of today's trading, orders all over the place being executed, this is typical of what happens after a news event. By day's end we may have all the orders out of the way and then see some clarity.
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