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Flash Crash: American Capital Plunges 11% At Open As Millions Of Shares Trade

American Capital Plunges 11% at Open as Millions of Shares Trade

August 7th, 2012

"...It feels a lot like last Wednesday's action," said Larry Peruzzi, senior equity trader at Cabrera Capital Markets LLC in Boston. "Something is going on....."

Moral of the story: never use stop limits. Use other hedges. Times change. TJ