Now that I am a little cooler about the whole affair - I wanted to explain why the GLW specialist ripped me off yesterday. He had a large order for GLW just above 22.60 - probably an institution reloading after the selloff that's been going on in front of earnings - looking through his book he realized two things: 1 - he had a lot of stops down to about 22.20 and a lot of buy orders between 22.20 and 22.60 - so first he sweeps the stops to gain inventory - then he sells out the inventory to everyone down below to get the price back up and finally he fills his large order. In 3 minutes he turned over 3 million shares, in 15 minutes he literally round-tripped 9 million shares or over half of the 14 million shares traded yesterday. Can I prove this - no - why bother we all know what happened and it was my fault for putting a stop so far out of the money that it couldn't possibly be hit unless the stock were going down to stay. Ha - Ha - Ha.
Easy money for the book and one more reason to only use electronic trading as offered by NASDAQ.
The New York Stock Exchange is so 1900's - don't you think?