Why did the stock market dip down then jump back up @ exactly 10:04 am est.???

[RJesus 10+ year member]

I woke up today at around 5pm (eastern time), and checked on my stocks on google finance. Well everything, except my stock in LEAP, seems to be up. However, EVERYTHING, every single stock I've looked at seems to have a huge dip down @ 10:04am eastern time. I've tried googling things but nothing seems to come up.

Wtf happened?

Click to read more...

 

[misfit138 5,000+ posts]

I came. //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

 

[Rich B 5,000+ posts]

• August 27, 2010, 5:09 PM ET
  

What Happened to Intel’s Shares Today?

Here’s a quick explanation: Three trades in Intel were canceled after a circuit breaker for the stock was triggered, setting off a five-minute trading halt that brought to light the erroneous trades.

This was the latest time this summer that a stock has been halted by a pilot program of circuit breakers intended to be a safeguard against the type of rapid plunges the market experienced during the May 6 “Flash Crash.” The circuit breakers halt any stock that is a component of the Standard & Poor’s 500 index for five minutes if the stock has moved 10% or more in the preceding five minutes.

Intel’s stock was halted twice Friday morning. The first halt was a “news

halt,” which began as the company issued a press release noting Intel lowered

its third-quarter revenue and gross-margin targets. That halt lasted 17 minutes,

until 10:15 a.m. EDT.

The first three trades after the stock resumed trading amounted to 1100 shares

at $16.55 a share, down 9% from its Thursday close. Those trades occurred on

NYSE’s Arca platform. A subsequent trade occurred on Nasdaq above $18.205, which was the threshold at which a circuit breaker would be triggered for the stock because that price is 10% above $16.55. The Nasdaq trade above $18.205 set off the circuit breaker, which halted the stock from 10:17 a.m. EDT to 10:22 a.m. EDT.

The halt brought attention to the three trades that occurred at $16.55 on NYSE

Arca, and a review showed those trades were erroneous, according to New York

Stock Exchange Spokesman Raymond Pellecchia Jr. Pellecchia said the three trades at $16.55 were canceled.

What Happened to Intel's Shares Today? - MarketBeat - WSJ

 

[RJesus 10+ year member]

so what caused the dip? 3 trades were halted after the dip. what made the stock prices plunge in the first place?

 

[Johnny Law.Lulz 5,000+ posts]

so what caused the dip? 3 trades were halted after the dip. what made the stock prices plunge in the first place?

It says the halt lasted 17 minutes until 10:15, so the halt started at 9:58. That seems to be the reason.

 

[Rich B 5,000+ posts]

Sounds like it.

I havent seen anything else that impacted that time period.

Intel is a large component of the Dow, so its sudden drop could have triggered the program trading computers to drop other Dow components as a result.

 

[markak134]

 

[Rich B 5,000+ posts]

Alex Jones rots the brain.

 

[markak134]

Alex Jones rots the brain.

he helps me

 

[Bricktop13 10+ year member]

Intel cut their earnings guidance for next quarter and then was halted >> Market took a dump >> after it re opened it was halted again for 5 mins because a couple erroneous trades triggered a circuit breaker >> market came back

 

[skadude016 5,000+ posts]

my stock did well today! at one point up 8000% up for the day!

 

[RJesus 10+ year member]

wait...so the government wants less people so they receive less money in taxes???

and everyone knows that fluoride strengthens your enamel, and leaves you smelling minty fresh.

 

[markak134]

wait...so the government wants less people so they receive less money in taxes???
and everyone knows that fluoride strengthens your enamel, and leaves you smelling minty fresh.

i believe they want to reduce the population so it is easy to control that is why they do all these evil things

no fluride doesnt do anything good for your teeth its all a big scam fluroride just makes you stupid and lazy and easy to control thats why hitler put it in the water of his concentrations camps

 

[hispls 5,000+ posts]

The stock market is completely manipulated. You are betting on a rigged race playing stocks. The people who know about shocks before they happen make fortunes, everyone else is kind of flying blind.

Also, fluoride applied topically seems to have a benefit to teeth, fluoride naturally occuring in the water is beneficial, "fluoride" which is toxic waste from aluminum factories dumped in the water and taken internally is quite dangerous and there's plenty of scientific evidence to back that up.