QUOTE(engineer @ Aug 8 2024, 08:12 AM)
So this is what I heard, many traders bought the dips during the overnight session when the market crashed and the transactions went through and was confirmed. Later the day when the market open the stocks recovered from the dips and some of those traders sold what they bought to take profit. What happened was that the buy transactions was cancelled after that and now the traders are turning from making profit to become short selling. Many are making losses and not able to recoup. I guess that's what Moomoo meant about the abnormal short selling. At least Moomoo is taking some responsibilities to sort things out.
Wow.. hopefully, moomoo can make it right for them, maybe just cancelled that "abnormal short-selling" order instead of buy order.Market now is edging back to last Friday price before the big drop on Monday.
Aug 9 2024, 02:22 AM

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