Posted on 05/06/2010 6:33:05 PM PDT by Orange1998
You think the action in Procter & Gamble was weird, check out the nosedive on Accenture, which plummeted from above $40 at 2:47 p.m. to $0.01 at 2:48 p.m. Had demand for consulting services declined so sharply in that one minute? Obviously there was some sort of technical snafu out there. Still, it seems that the worries in Greece were seriously worsening Thursday. So how much of that scare was robots gone wild and how much was sensible worry from flesh and blood investors? We’ll have to wait and see, though we did close down more than 3% on the Dow.
(Excerpt) Read more at blogs.wsj.com ...
Russian or Chinese hackers.
Very realistic possibility.
Chinese would love to engage us in a type of cyber war that would destroy our economy and us.
Completely take us out without firing a single shot or missile.
AQ is where I’m putting my bet.
China was sending a test message to the Kenyan with this attack: “Lay off the yuan or we will crush you...”
Oh it was across the board. Check out RMS exchange traded fund. Was a $40 or so ETF and went to .16 cents. A lot of ETFs did that and probably more than a few stocks.
I wish I had had a 100,000 share buy on Accenture at 1.2 pennys at 2:47 pm.
AQ working with Chinese and/or Russian hackers.
Dang, and my stop loss at $0.02 filled, too.
And how much today will be sensible worry about robots gone wild? It's not like people have their life savings invested in this thing or anything.
Obama is already doing that. I still think he, the hedge funds, Saudi Arabia and China were in on the run off $500 billion in money markets during the election.
That too. ChiComs are holding a lot of our debt.
But then it may be a shot over the bow so to speak.
Must have read a Tom Clancy novel.... Except that was the Japanese....
There, for a brief moment, I had the opportunity to buy at $0.01. I wonder how many SEC guys I’d have camped outside my door right now if I had... (sob!)
there was a report that the NASDAQ was cancelling all orders between 240 PM and 300 PM that showed a 40% drop in price. Accenture trades on the NYSE, does anyone know if they are doing the same cancellations?
I hope so, that way I won’t regret putting down 1000 bucks for 100,000, only to be 4 million bucks richer in one hour. I wonder if anyone got away with doing that?
Saturday, May 01, 2010 9:15:49 AM · 57 of 69
Orange1998 to BunnySlippers
So am I. :) BTW finally entered short at 9:10 Friday. Wish me luck.
http://www.freerepublic.com/focus/chat/2504149/posts?page=57#57
Asia stocks down BIG now. I wonder if they have the “fat finger” problem too. sacasim
Yup and Europe in the mist of election.
Good for you. I am not short, but I got out about 10% ago.
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