Thursday, May 6, 2010

We Don't Believe The Story

We saw on hundreds of stocks that "The Bid" disappeared. If it was not a system failure on the exchanges, I don't know what is. It was not just a few stocks. I see the "Spin" coming from the exchange bosses and don't buy it. it was a very scary time. You can pull up the 1 min. chart on almost any stock and see that the system shut down for a few minutes. We saw it and our friends at other locations saw it. I have never seen or heard anything like this before. This was the day "The Matrix" sputtered. We are not sure what this means. We will do a full due-diligence on what happened today. Stay tuned.