These are usually terrible situations for all people involved (unless there is some sort of conspiracy involved). Trading it is almost impossible because you don't know if NASDAQ is going to bust the trades or not. I haven't looked at a time and sales log but say UAUA is trading around $10 and I don't own any but I see the market dropping like a stone and so I buy 2000 shares at $3, the market is crazy and I sell them at $7. I can hardly believe my good fortune. Next the NASDAQ announces they are busting all trades under $6. So my $7 trade stands but my $3 buy does not. So I am now marked as being short from $7 and if it is trading back at $10 I am out $6000 instead of being up $8000. I have seen this happen with emini futures traders where large sums of money were lost on the first trade being busted but covering trade standing.
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