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Man almost dies from Google error

Discussion in 'Google' started by Cage Rattler, Aug 2, 2006.

  1. #1
    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.
    SEMrush
    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.

    Full Article
     
    Cage Rattler, Aug 2, 2006 IP
    sachin410 likes this.
    SEMrush
  2. livingingermany

    livingingermany Active Member

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    #2
    Great story! I must have missed that one!
     
    livingingermany, Aug 2, 2006 IP
  3. fordP

    fordP Peon

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    #3
    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.
     
    fordP, Aug 2, 2006 IP
  4. chachacallis

    chachacallis Well-Known Member

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    #4
    i would have a heart attack if i was about to lose that much money.
     
    chachacallis, Aug 2, 2006 IP
  5. sezerb

    sezerb Guest

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    #5
    Same here. That's alot of money.
     
    sezerb, Aug 2, 2006 IP
  6. Phynder

    Phynder Well-Known Member

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    #6
    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).
     
    Phynder, Aug 2, 2006 IP
  7. weblaunch

    weblaunch Well-Known Member

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    #7
    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.
     
    weblaunch, Aug 2, 2006 IP
  8. sysop

    sysop Peon

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    #8
    It's all just "buffer overflows" ....
     
    sysop, Aug 2, 2006 IP
  9. IamNed

    IamNed Peon

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    #9
    This may seem like a joke now but goog may one day in the distant future may trade at $38. Remember the 90's...
     
    IamNed, Aug 2, 2006 IP
  10. jacksmith

    jacksmith Peon

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    #10
    thats why they say that share market is not for fragile hearted!
     
    jacksmith, Aug 2, 2006 IP
  11. Komodo Tale

    Komodo Tale Peon

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    #11
    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.
     
    Komodo Tale, Aug 2, 2006 IP
  12. qwestcommunications

    qwestcommunications Notable Member

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    #12
    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.
     
    qwestcommunications, Aug 3, 2006 IP
  13. z00pedup

    z00pedup Peon

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    #13
    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*
     
    z00pedup, Aug 4, 2006 IP
  14. NoobieDoobieDo

    NoobieDoobieDo Peon

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    #14
    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.
     
    NoobieDoobieDo, Aug 4, 2006 IP
  15. stevemack

    stevemack Peon

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    #15
    very sad for that Guy and interesting story you have shared.
     
    stevemack, Aug 24, 2010 IP
  16. Maylin

    Maylin Peon

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    #16
    Really glad he's okay. It's completely awful to have a heart attack and die when there wasn't a problem in the first place. Not that it makes it any less bad that someone would potentially die like that if it was the real deal, though.
     
    Maylin, Aug 25, 2010 IP