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RE: OmiseGo (OMG) Target raised to $19.21; This Analysis Takes the Flash Crash on Nov. 29 into Consideration....here is how in this blog!
The problem is, many people had stops that weren't executed. Bitfinex claimed it was just slippage, but there were 3 such events a few mins to 4 hrs apart. Only looking at volume and order books can prepare for this kind of what you hinges. And even then, there are no guarantees you can avoid it. I have moved 95% of my money out of finex. They just seem more and more like they will become Mt Gox 2.0
Consider that plain stops are market orders and so are trailing stops. If the buy volume is low compared to the stop orders volume, the whole order book could be swept and market orders could be placed at extremely low prices.
Limit stops, on the other hand will not be executed as the prices will just run through the limit value on their way down.