Quote:
Originally Posted by sterlingice
Amazing to watch that fall down almost $150 over a very quick time and then rubber band right back up to $250 as soon as the attack was over.
The books written about this, if they have insider information, will be fascinating
SI
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Halts last for 5 minutes. Timeline:
Stopped: 12:22:06 Resumed: 12:27:12
Stopped: 12:29:53 Resumed: 12:34:58
Stopped: 12:35:36 Resumed: 12:40:43
Stopped: 12:41:05 Resumed: 12:46:10
Stopped: 12:46:49 Resumed: 12:51:54
Stopped: 12:53:54
That means there were 3 stops in the middle there were trading lasted for all of 99 seconds between them! And I can't figure out how to get the L2 data split out after the fact, but this wasn't just dumping shares at market sells or a short ladder attack, they were clearly executing thousands of trades $20-$150 below what the demand for the stock was at at a high enough frequency it tripped everything... that's $15-$150 million they cost themselves on those trades alone.
I do wonder how many people had stop-loss triggers tripped & sold when they otherwise wouldn't have - it was obvious at the time this wasn't normal market action, but again, we'll see if anybody cares to dig into it besides the Reddit horde (which frankly can start to resemble a Q cult at times, but I can't blame them because shit like this is happening & no one in the media cares, barely anyone in the government does, and of those like 1 in 20 people at a hearing even understands 1/10 of what's happening.)