Yesterday’s Best Trades?
 |
On Monday, Dec. 15th, the best trades in the Community were ridiculous.
We tracked down the cause of these enormous profits and found that NASDAQ created a testing trading symbol (AAZST) that was not representative of any company. It is was ficticious. It didn’t exist. Still, many savvy Survivors tried to take advantage of this situation which allowed them to make the huge profits. Luckily, our audit team was on the case immediately and adjusted the portfolios of the following Survivors:
|
AAZST Traders |
Port. Value on 15-Dec |
%Gain (loss) |
Adjustment made |
|
$2,325,298.44 |
2181.37% |
-$2,223,296.81 |
|
|
$4,223,935.02 |
2129.95% |
-$4,012,420.05 |
|
|
$2,004,751.52 |
2069.62% |
-$1,890,913.67 |
|
|
$7,346,665.59 |
1703.99% |
-$6,848,494.43 |
|
|
$1,558,350.25 |
1478.57% |
-$1,453,418.94 |
|
|
$1,230,497.88 |
953.30% |
-$1,118,572.12 |
|
|
$651,321.26 |
829.73% |
-$589,721.97 |
|
|
$787,348.59 |
583.46% |
-$680,461.35 |
|
|
$704,488.56 |
449.83% |
-$597,194.79 |
|
|
$655,967.88 |
314.91% |
-$532,432.81 |
|
|
$461,717.83 |
268.09% |
-$367,422.29 |
|
|
$446,480.38 |
249.25% |
-$346,182.55 |
As you can see, the audit team cancelled all trades associated with the ticker symbol AAZST which dramatically reduced the values for several Survivors which was the only fair action to take.
- Posted in : Product Management
- Author :Mark Berger
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