Originally Posted By Mr X Wonder why Googles' stock price "accidentally" plunged spectacularly the other day? An erroneous "dark pool trade" that nobody is supposed to know about is what's being kicked around the market forums. They apparently happen all the time. Anyone heard about this?
Originally Posted By EdisYoda First I heard about these, but found some information here: <a href="http://www.tradeoes.com/?q=news/2008/371" target="_blank">http://www.tradeoes.com/?q=news/2008/371</a> <<Boom in 'Dark Pool' Trading Networks Is Causing Headaches on Wall Street By SCOTT PATTERSON and AARON LUCCHETTI May 8, 2008; Page C1, from The Wall Street Journal When Cheryl Cargie, head trader at Ariel Investments LLC in Chicago, decided last month to buy 1.3 million shares of a midcap stock listed on the New York Stock Exchange, she spread orders among several "dark pools," the secretive electronic trading networks that match buyers and sellers anonymously. The pools are booming in popularity as big institutional investors look for ways to trade blocks of stock without triggering ripples in the share price, as can happen on traditional stock markets such as the NYSE and Nasdaq Stock Market. But all that darkness is causing nightmares on Wall Street.>> More at the link.
Originally Posted By Mrs ElderP I know nothing about dark pools, but when I heard about Google's crash, it made me wish I had an extra $10,000 to put into the market. Google is fundamentally sound, and will go back up again. I'd love to get some shares at a bargin! (Heck, there's lots of things I love to do with an extra 10,000.)
Originally Posted By Mr X You wouldn't have been able to keep the shares MrsP, all the trades were canceled.
