Tuesday, September 30, 2008

Google and Nasdaq Fun

Google goes nuts today on Nasdaq. It looks like some Hedge Fund or Firm screwed up. Speculation is that someone in such a fund made trade on 10M shares instead of a 10K shares and chaos ensued.

What a mess, but it does illustrate how you and I play by different rules than the big boys. They make mistakes and the market is stopped and unwound to correct their error. Classic Fail.

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