Friday, November 12, 2010

Today's Flash Crash: Apple (AAPL)

Zero Hedge reported the other day that, despite the SEC blaming Waddell & Reed for the flash crash on May 6, flash crashes occur regularly. Regular, as in one or two a day. In 2010, there have been 549 flash crashes to date, according to Zero Hedge/Nanex.

Today's flash crash was Apple (stock symbol: AAPL). At 11:21 AM EST, the stock went from $312 to $212, and back to $312. One minute is an eternity for algo bots, whose idea of swing trade is any trade that last no more than 1 or 2 second.

Happy flash trading.


Post a Comment