Knight Capital’s Chart Looks Great Until

Knight Capital's stock has hovered around the $12-$14 range for the past few years until last Thursday when an algorithm or some type of software they were using just went mad crazy.

"Electronic-trading glitches in its system that caused price swings in dozens of stocks this week are likely to cost the brokerage firm $440 million. Shares sank 57% to $3 in premarket trading."

Glitches in their system? That's a serious glitch if your company can disappear based on a "glitch". The stock who had a nice trading range in the teens for years then went nearly up in smoke,

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Tagged glitch in the system, knight capital, scottrade, td ameritrade, up in smoke