NASDAQ Cancelling All Rambus Trades At Or Below $20.73 After Massive, Unexplained Price Dip (RMBS)

As reported earlier, shares of chip-maker Rambus (RMBS) were down as much as 20%. The blame? Essentially, an erroneous error caused by fat, sausage fingers hitting a keyboard. Now, according to The Fly On The Wall, NASDAQ will cancel all RMBS trades that were made at or below the $20.73/share mark NASDAQ between 13:28:00 and 13:32:00 ET.

NASDAQ says the decision cannot be appealed and will go forward. Sorry, shorts!

RMBS Jan4th

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