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Typo leads to $251 million stock buy

By Julio Franco
Jul 2, 2005
  1. A Taiwan stock trader mistakenly bought $251 million worth of shares with a misstroke of her computer keyboard, meaning her company is looking at a paper loss of more than $12 million and she is looking for a new job.

    The trader with Fubon Securities miskeyed in a small order from Merrill Lynch on Monday, creating confusion when many small companies inexplicably surged past the 7 percent trading limit.

    http://news.com.com/Bad+keystroke+l...ock+buy/2100-1030_3-5772264.html?tag=nefd.top
     
  2. Tedster

    Tedster Techspot old timer..... Posts: 6,000   +15

    OOPS. I wonder what they'll say around the water cooler.
     
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