Thousands of investors riot as trading is halted.
** 21-Jan-11 News -- Bangladesh stock market crashes 9% in 5 minutes
** http://www.generationaldynamics.com/cgi ... 21#e110121

The 9% drop was on the 20th and as of 2:08 pm on the 21st (local time) the market is still closed. The volume was like 1/10th normal on the 20th. I think it is safe to say the only reason it has not dropped more today is that the market is closed. If there were buyers the market would be open. Wonder how many days it will be closed. It seems very doubtful that closing the market will restore investor confidence. It probably is just delaying the rest of the crash.John wrote:
I actually expect that after the flash crash many more people have put in stop loss orders thinking that they will have protection.jldavid47 wrote:People that think stop-loss orders will protect them have extremely short memories. During the "flash crash" in May, 2010, many investors got burned when their stop loss orders were triggered, but not executed until prices were far lower.
The Dhaka Exchange closed early Wednesday, was only open for 5 minutes Thursday, and was closed all Friday. As of a few minutes after 9:00 am local time it is still closed Monday. Report below says trading "will resume on Tuesday, with the circuit breaker withdrawn".vincecate wrote: http://www.dsebd.org/
Amazing. It bounced back almost to where it was before the crash.John wrote:
Up again like 6.5% at the moment. Wild. Still with John that this looks like some wild swings that are part of a general crash.vincecate wrote: http://www.dsebd.org/
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