Joel Elconin and Dennis Dick
Marketfy > Joel Elconin and Dennis Dick > Algos Gone Wild

Algos Gone Wild

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Note: From the Premarket Info archive on August 1, 2012. 

A rogue algorithm wreaked havoc on more than 100 stocks today.  It appears the algo was executing a continuous auto-buy on some issues like WFC, VZ, RSH, and BBY.  It appears it was executing a continuous auto-sell program on other issues like PEP, and JWF.  Full analysis of the tape:

 

Posted to Premarket Info on Feb 08, 2013 — 4:02 PM
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