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  #1  
Old Aug 2nd 2006, 9:29 am
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Man almost dies from Google error
It was like a Wall Street version of one of those Keystone Cops comedies of the 1930s, but at least one investor wasn't laughing. According to his stockbroker, he almost had a heart attack as a result of what appeared to be an enormous plunge Thursday in after-hours trading in the price of the high-flying shares of Internet search engine Google.

The incident, which some Street pros contend is a blunder of major proportions by Nasdaq, surprisingly managed to escape the eyes of the financial press and was never reported even though the decline — an astonishing drop of nearly $350 a share in a mere 10 minutes — was the greatest ever in the history of the stock market in after-hours trading — and undoubtedly in regular trading, as well.

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Old Aug 2nd 2006, 12:29 pm
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Great story! I must have missed that one!
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  #3  
Old Aug 2nd 2006, 12:34 pm
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Oh okay, I thought google stock really did plunge

I feel sorry for that guy, If I had thought I lost 68k I would be hysterical also.
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  #4  
Old Aug 2nd 2006, 1:34 pm
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i would have a heart attack if i was about to lose that much money.
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Old Aug 2nd 2006, 4:42 pm
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Same here. That's alot of money.
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  #6  
Old Aug 2nd 2006, 4:49 pm
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No one has ever heard of "bad data"? Back when I was spending a ton on data feeds - we would still get bad ticks (or a series of them).
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Old Aug 2nd 2006, 10:01 pm
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Is there any medical evidence to back up the claim that he almost suffered a heart attack....was it just a figure of speech?

The guy should not be buying internet stocks, then.
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  #8  
Old Aug 2nd 2006, 10:02 pm
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It's all just "buffer overflows" ....
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Old Aug 2nd 2006, 10:14 pm
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This may seem like a joke now but goog may one day in the distant future may trade at $38. Remember the 90's...
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  #10  
Old Aug 2nd 2006, 10:17 pm
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thats why they say that share market is not for fragile hearted!
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  #11  
Old Aug 2nd 2006, 10:44 pm
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I'd say that the one to drop the ball was The New York Sun. I saw a report about the screw-up on CNBC only a day after it happened. Someone (at NASDAQ?) made a decimal typo on a computer. The resulting glitch did not last long and NASDAQ canceled all affected trades.
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  #12  
Old Aug 3rd 2006, 12:12 am
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Interesting. The guy shouls have checked to see the reason for the drop. This way he might just have realised it might have been a mistake.
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  #13  
Old Aug 4th 2006, 5:46 am
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Why on earth would the stock drop like that.. If he was an experienced trader he shouldv enquired first..

Or is it time for Google to fall? *ooohhh*
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  #14  
Old Aug 4th 2006, 5:49 am
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Oh no, I'd say google has at least another 5 years to continue to mess things up before someone else pulls the rug out from under them.
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