tricom mess unfolding..

this happened the other day when tricom melted its margin book and could not settle. The market is acting like its still not fixed and hence the sell off. I also think the funds might want out before tricom is forced to sell again. This is not normal market activity you would expect unless someone was a forced seller or some major fund has blown up. This sort of stuff ..the market can live without. Its like when people found out that the french bank had big bad positions. The bank actually did the right thing by selling so hard, imagine what would happen if they tried to hold on. i dont know if tricom is the only problem and they must have got some relieve with the market up strongly on the open.