Pusuant to Rule 11890(b) NASDAQ, on its own motion, has reviewed
and determined to cancel all trades in security UltraShort
Financials ProShares (SKF) that were executed on the NASDAQ between
9:33:56 and 11:40et on 9/19/08. This decision cannot be appealed.
Marketwatch has coordinated this decision with NYSE-Arca and FINRA.
NASDAQ will be cancelling all trades on the paticipant's behalf.
SKF was subject to a regulatory halt on the primary market and no
trades should have occured.
The ruling came out late in the day on 9/19/08 and
for this reason; any client holding a position in SKF may be
incorrect
We are working diligently to repair these position
discrepancies and will provide more information as it becomes
available.
What's up with SKF now? It's down 3%, should be up 10%
based on XLF down 5%. UWM also whacked out, but more
accurate, it's down 4% but should be down more like 10%
ruling on SFK
Posted by cdjd on 22nd of Sep 2008 at 09:30 am
Pusuant to Rule 11890(b) NASDAQ, on its own motion, has reviewed and determined to cancel all trades in security UltraShort Financials ProShares (SKF) that were executed on the NASDAQ between 9:33:56 and 11:40et on 9/19/08. This decision cannot be appealed. Marketwatch has coordinated this decision with NYSE-Arca and FINRA. NASDAQ will be cancelling all trades on the paticipant's behalf. SKF was subject to a regulatory halt on the primary market and no trades should have occured.
The ruling came out late in the day on 9/19/08 and for this reason; any client holding a position in SKF may be incorrect
We are working diligently to repair these position discrepancies and will provide more information as it becomes available.
Regards,
TradeStation Trade Desk
What's up with SKF now?
Posted by trade on 22nd of Sep 2008 at 10:31 am
What's up with SKF now? It's down 3%, should be up 10% based on XLF down 5%. UWM also whacked out, but more accurate, it's down 4% but should be down more like 10%
SKF= Enron
Posted by andreac on 22nd of Sep 2008 at 10:40 am
SKF = Enron
I am told Silvadine is the best medicine for burns. Anybody trading SKF is going to need it very soon.