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Nasdaq broken

  • 30-09-2008 10:13pm
    #1
    Jackz
    Closed Accounts Posts: 1,506 ✭✭✭


    Google mistakenly drops 15%

    reuters

    What a day for that f$@kup.


Comments

  • #2
    SoCal90046
    Closed Accounts Posts: 192 ✭✭SoCal90046


    Jackz wrote: »
    Google mistakenly drops 15%

    reuters

    What a day for that f$@kup.


    I don't think your headline actually reflects what happened. :eek: NASDAQ canceled some trades, something which is quite rare. The shares actually side by 10% after an error in routing of trades form another exchange. We'll likely find out tomorrow the details of what occurred. The price was reset to $400.52 and the last time I checked, the shares had reached $415. So, it's just a simple routing error, not a flaw in the NASDAQ national market system.


  • #3
    Jackz
    Closed Accounts Posts: 1,506 ✭✭✭Jackz


    SoCal90046 wrote: »
    I don't think your headline actually reflects what happened. :eek: NASDAQ canceled some trades, something which is quite rare. The shares actually side by 10% after an error in routing of trades form another exchange. We'll likely find out tomorrow the details of what occurred. The price was reset to $400.52 and the last time I checked, the shares had reached $415. So, it's just a simple routing error, not a flaw in the NASDAQ national market system.

    If you look at Google Finance it still shows them at $320, kinda funny. I knew that it showed an after hours value +$90 and the details I just though it was funky for such a thing to happen considering the economic climate.


  • #4
    SoCal90046
    Closed Accounts Posts: 192 ✭✭SoCal90046


    Jackz wrote: »
    If you look at Google Finance it still shows them at $320, kinda funny. I knew that it showed an after hours value +$90 and the details I just though it was funky for such a thing to happen considering the economic climate.

    It was interesting timing; canceling orders is a rare occurrence. Now, had it happened to a few dozen companies that would be scary! :eek:


  • #5
    xbox36016
    Closed Accounts Posts: 764 ✭✭✭xbox36016


    how did i miss buy google cheap now i have to go buy yahoo


  • #6
    SoCal90046
    Closed Accounts Posts: 192 ✭✭SoCal90046


    xbox36016 wrote: »
    how did i miss buy google cheap now i have to go buy yahoo

    LOL!! They would have ended up canceling the trade. It was, apparently, an error.


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  • #7
    daveirl
    Closed Accounts Posts: 14,483 ✭✭✭✭daveirl


    This post has been deleted.


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