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Charles,
Bust does mean it never happened. Ugly isn't it if you are now short.
Jimmy
Tuesday, July 15, 2003, 9:59:22 AM, you wrote:
CT> I have a question that could be considered a newbie question. When the
CT> exchange decides to "bust" all trades below 996, what exactly does that
CT> mean? Does it mean all trades below 996 will now have a price of 996, or
CT> does it mean it's as if the trades never happened. What if you were able to
CT> get long at, say, 994 and then you sold it later at 1000. Does that mean you
CT> never bought it and this morning you are short at 1000 as it gaps to 1009?
--
Best regards,
Jimmy Snowden
mailto:jhsnowden@xxxxxxx
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