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From: isopatch	1/19/2011 1:26:09 PM
	Read Replies (2) of 90391

Magnum Hunter longs get blown out of the box: <Meet Today's Berserk HFT Algo-Driven Flash Crash: Magnum Hunter Resources Submitted by Tyler Durden on 01/19/2011 10:16 -0500 Today's flash crash du jour comes to you courtesy of Magnum Hunter Corporation (MHR), which in the span of a few tick lost half its $500 million market cap. Unlike most other such HFT triggered events, there was actionable news, after the company announced it would acquire NuLoch Resources, yet still the fact that a selling algo can take out virtually the entire orderbook half way down to zero would once be considered at least modestly surprising. Not so much anymore.> Below is the live action snapshot of this latest in the massive surge of MM engineered aka <fat finger> muggings in the past few years. It's one of the reasons so many investors have left the equity markets: zerohedge.com zerohedge.com Logged off til later, Iso