Re:Did a Stuck Quote Prevent a Facebook Opening Day Pop?
by nanex on Saturday May 26, 2012 @04:42PM
(#4028300)
Then why did BATS not reschedule their IPO again the next day? First impressions, regardless of how illogical they maybe, play a significant role in group behavior.
"Even if their had been a glitch?" Really? 3x the open was postponed, followed by 17 seconds of no quotes/trades on ANY stock from Nasdaq, followed by a crossed quote from same exchange, followed by 3+ hours of no quote in FB from the listed exchange.
"Even if their had been a glitch?" Really? 3x the open was postponed, followed by 17 seconds of no quotes/trades on ANY stock from Nasdaq, followed by a crossed quote from same exchange, followed by 3+ hours of no quote in FB from the listed exchange.