| Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum. |
 |
05-06-2010, 12:43 PM
|
#1
|
|
Willing to sell body for a few minutes on RS
Join Date: Oct 2005
Location: Revscene
Posts: 10,051
Thanked 8,350 Times in 2,816 Posts
Failed 440 Times in 132 Posts
|
Stock market fell 1000 points instantaneously, may be due to trader typo
http://www.cnbc.com/id/36999483
One trader out there is probably shitting his pants right now for their little typo... Entered "Billion" instead of "Million"
Jim Cramer discussing live wtf was going on: http://www.cnbc.com/id/15840232/?vid...7022682&play=1
__________________
Quote:
Originally Posted by skyxx
Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good!
|
2010 Toyota Rav4 Limited V6 - Wifey's Daily Driver
2009 BMW 128i - Daily Driver
2007 Toyota Rav4 Sport V6 - Sold
1999 Mazda Miata - Sold
2003 Mazda Protege5 - Sold
1987 BMW 325is - Sold
1990 Mazda Miata - Sold
100% Buy and Sell Feedback
|
|
|
|
05-06-2010, 01:48 PM
|
#2
|
|
Banned (ABWS)
Join Date: Oct 2005
Location: BC
Posts: 741
Thanked 54 Times in 41 Posts
Failed 1,005 Times in 138 Posts
|
lol shit
|
|
|
|
|
05-06-2010, 01:50 PM
|
#3
|
|
Banned (BBM)
Join Date: Jul 2004
Location: Vancouver
Posts: 16,142
Thanked 627 Times in 368 Posts
Failed 1,106 Times in 390 Posts
|
its a trap
|
|
|
|
|
05-06-2010, 02:11 PM
|
#4
|
|
Diagonally parked in a parallel universe
Join Date: Dec 2001
Location: Vancouver
Posts: 1,401
Thanked 84 Times in 33 Posts
Failed 7 Times in 4 Posts
|
Something certainly went awry but it wasn't the actions of a single typo from a trader. The entire market plummeted, not just P&G so it wasn't the actions of one trader. Accenture PLC went from 42 to a penny than back up to 41. Apple also took a dive in the double digits. Hell at one point the S&P500 was sitting at -11%.
|
|
|
|
|
05-06-2010, 02:13 PM
|
#5
|
|
Willing to sell body for a few minutes on RS
Join Date: Oct 2005
Location: Revscene
Posts: 10,051
Thanked 8,350 Times in 2,816 Posts
Failed 440 Times in 132 Posts
|
The trader wasn't from P&G, reports say he was from Citibank.
It was probably a snowball effect that started from the typo...
__________________
Quote:
Originally Posted by skyxx
Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good!
|
2010 Toyota Rav4 Limited V6 - Wifey's Daily Driver
2009 BMW 128i - Daily Driver
2007 Toyota Rav4 Sport V6 - Sold
1999 Mazda Miata - Sold
2003 Mazda Protege5 - Sold
1987 BMW 325is - Sold
1990 Mazda Miata - Sold
100% Buy and Sell Feedback
|
|
|
|
|
05-06-2010, 02:16 PM
|
#6
|
|
Everyone wants a piece of R S...
Join Date: Jun 2006
Location: vancouver
Posts: 351
Thanked 45 Times in 30 Posts
Failed 8 Times in 8 Posts
|
I think they blocked trading during that error because my buy order of apple didnt go through when it fell 20%.
Europe is in a shit situation right now, the funny thing is Greek people rioting because of taxes/budget cuts. Your country needs that otherwise its going to be bankrupt and you riot in response lol.
Then next problem will be spain, then portugal, then italy... people are asking will this break up the European Union? Highly doubtful but if it does...
|
|
|
|
|
05-06-2010, 02:26 PM
|
#7
|
|
Willing to sell body for a few minutes on RS
Join Date: Aug 2002
Location: Vancouver
Posts: 10,847
Thanked 4,030 Times in 1,584 Posts
Failed 143 Times in 71 Posts
|
...and where's the guy who said "who gives a shit about Greece"? 
__________________
Do Not Put Aftershave on Your Balls. -604CEFIRO
Looks like I'm gonna have some hot sex again tonight...OOPS i got the 6 pack. that wont last me the night, I better go back and get the 24 pack! -Turbo E
kinda off topic but obama is a dilf - miss_crayon
Honest to fucking Christ the easiest way to get a married woman in the mood is clean the house and do the laundry.....I've been with the same girl almost 17 years, ask me how I know. - quasi
|
|
|
|
|
05-06-2010, 02:27 PM
|
#8
|
|
Willing to sell body for a few minutes on RS
Join Date: Oct 2005
Location: Revscene
Posts: 10,051
Thanked 8,350 Times in 2,816 Posts
Failed 440 Times in 132 Posts
|
Yeah they are saying all P&G transactions during that time will be wiped due to the error.
__________________
Quote:
Originally Posted by skyxx
Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good!
|
2010 Toyota Rav4 Limited V6 - Wifey's Daily Driver
2009 BMW 128i - Daily Driver
2007 Toyota Rav4 Sport V6 - Sold
1999 Mazda Miata - Sold
2003 Mazda Protege5 - Sold
1987 BMW 325is - Sold
1990 Mazda Miata - Sold
100% Buy and Sell Feedback
|
|
|
|
|
05-06-2010, 02:37 PM
|
#9
|
|
Banned By Establishment
Join Date: Mar 2006
Location: Richmond
Posts: 12,484
Thanked 2,091 Times in 773 Posts
Failed 765 Times in 247 Posts
|
Quote:
Originally Posted by no_clue
I think they blocked trading during that error because my buy order of apple didnt go through when it fell 20%.
Europe is in a shit situation right now, the funny thing is Greek people rioting because of taxes/budget cuts. Your country needs that otherwise its going to be bankrupt and you riot in response lol.
Then next problem will be spain, then portugal, then italy... people are asking will this break up the European Union? Highly doubtful but if it does...
|
yeah communists and anarchists are protesting. Nothing new in greece.
|
|
|
|
|
05-06-2010, 04:05 PM
|
#10
|
|
I only answer to my username, my real name is Irrelevant!
Join Date: Oct 2002
Location: CELICAland
Posts: 25,694
Thanked 10,397 Times in 3,920 Posts
Failed 1,390 Times in 625 Posts
|
kind of hard to believe it was a mistake
|
|
|
|
|
05-06-2010, 04:06 PM
|
#11
|
|
Orgasm Donor & Alatar owned my ass twice!
Join Date: Mar 2003
Location: Vancouver
Posts: 6,803
Thanked 91 Times in 38 Posts
Failed 17 Times in 6 Posts
|
Quote:
Originally Posted by StylinRed
kind of hard to believe it was a mistake
|
A stock doesn't just go from $40 to $0.01 without some kind of an error.
Quote:
Originally Posted by no_clue
I think they blocked trading during that error because my buy order of apple didnt go through when it fell 20%.
|
That's actually probably because your broker sucks.
|
|
|
|
|
05-06-2010, 04:32 PM
|
#12
|
|
I only answer to my username, my real name is Irrelevant!
Join Date: Oct 2002
Location: CELICAland
Posts: 25,694
Thanked 10,397 Times in 3,920 Posts
Failed 1,390 Times in 625 Posts
|
what i meant was i could see someone doing it on purpose, and then saying it was a "type-o" or some other excuse 
|
|
|
|
|
05-06-2010, 06:10 PM
|
#13
|
|
HELP ME PLS!!!
Join Date: Jan 2004
Location: here
Posts: 5,793
Thanked 146 Times in 67 Posts
Failed 208 Times in 42 Posts
|
It's a fire sale!
|
|
|
|
|
05-06-2010, 06:14 PM
|
#14
|
|
Revscene.net has a homepage?!
Join Date: Jun 2004
Location: Vancouver
Posts: 1,206
Thanked 188 Times in 83 Posts
Failed 148 Times in 32 Posts
|
i think they should let Greece go bankrupt cuz the world now doesn't need another bailout
if they get bailed out, then Spain...probably all of Europe needs a bailout
let them tank like Iceland
|
|
|
|
|
05-06-2010, 06:20 PM
|
#15
|
|
Need to Seek Professional Help
Join Date: Jul 2002
Posts: 1,074
Thanked 187 Times in 74 Posts
Failed 97 Times in 34 Posts
|
Fuckk... Imagine shorting that 
__________________
Surf, Party, Sleep.
|
|
|
|
|
05-06-2010, 06:46 PM
|
#16
|
|
Lomac owned my ass at least once
Join Date: Dec 2001
Location: Vancouver
Posts: 6,259
Thanked 3,463 Times in 820 Posts
Failed 444 Times in 144 Posts
|
hft's to blame?
|
|
|
|
|
05-06-2010, 07:04 PM
|
#17
|
|
Diagonally parked in a parallel universe
Join Date: Dec 2001
Location: Vancouver
Posts: 1,401
Thanked 84 Times in 33 Posts
Failed 7 Times in 4 Posts
|
The whole "typo" thing doesn't make any sense to me. What trader would have a trade limit in the billions? Furthermore, to be able to have that trade go through without having to see approval? If you look at the volume today for aapl, pg, acn... none of these stocks show abnormal volume that would suggest a huge drop and the an equally huge recover. Large amount of shares would have to change hands.
|
|
|
|
|
05-06-2010, 07:28 PM
|
#18
|
|
RS.net PIMP
Join Date: Aug 2002
Location: Vancouver/LA
Posts: 4,898
Thanked 3,057 Times in 824 Posts
Failed 18 Times in 17 Posts
|
One of my buddies actually did something similar before. On the trading terminals, some of the keyboards have a double 0 and a triple 0 key to save time from typing out all the 0s. He sold 5,000,000 shares instead of the 500,000 shares he meant to sell, dangerous if you're not paying attention.
|
|
|
|
|
05-06-2010, 07:28 PM
|
#19
|
|
OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005
Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
Failed 57 Times in 18 Posts
|
Quote:
Originally Posted by 97ITR
The whole "typo" thing doesn't make any sense to me. What trader would have a trade limit in the billions? Furthermore, to be able to have that trade go through without having to see approval? If you look at the volume today for aapl, pg, acn... none of these stocks show abnormal volume that would suggest a huge drop and the an equally huge recover. Large amount of shares would have to change hands.
|
but what if someone was trying to sell a stock at say 40, but hit Enter too fast and the price was set a 0.01?
__________________
Quote:
Originally Posted by Fei-Ji
haha i can taste the cum in my mouth
|
There is a time when you have to sig a post.
It just happened.
|
|
|
|
|
05-06-2010, 11:12 PM
|
#20
|
|
I *heart* Revscene.net very Muchie
Join Date: Jul 2007
Location: BC
Posts: 3,558
Thanked 3,814 Times in 957 Posts
Failed 715 Times in 210 Posts
|
Should've short sold on margin.
|
|
|
|
|
05-06-2010, 11:30 PM
|
#21
|
|
Rs has made me the woman i am today!
Join Date: Apr 2007
Posts: 4,065
Thanked 634 Times in 142 Posts
Failed 192 Times in 78 Posts
|
wow, he must be shitting his pants right now
|
|
|
|
|
05-06-2010, 11:35 PM
|
#22
|
|
Rs has made me the man i am today!
Join Date: May 2002
Location: van
Posts: 3,412
Thanked 494 Times in 214 Posts
Failed 46 Times in 23 Posts
|
Quote:
Originally Posted by sonick
Yeah they are saying all P&G transactions during that time will be wiped due to the error.
|
You should have seen the $100,000 high for aapl on the free streaming sites.
|
|
|
|
|
05-07-2010, 02:06 AM
|
#23
|
|
I STILL don't get it
Join Date: May 2001
Location: van
Posts: 496
Thanked 23 Times in 6 Posts
Failed 0 Times in 0 Posts
|
thank god we still have open outcry pit traders
70% of volume on nyse is program trading meaning its computers trading against computers
http://www.zerohedge.com/sites/defau...et%20Crash.mp3
__________________
asdf
|
|
|
|
|
05-07-2010, 07:45 AM
|
#24
|
|
I STILL don't get it
Join Date: Jun 2001
Location: Yaletown
Posts: 494
Thanked 93 Times in 50 Posts
Failed 10 Times in 3 Posts
|
Quote:
Originally Posted by 7seven
One of my buddies actually did something similar before. On the trading terminals, some of the keyboards have a double 0 and a triple 0 key to save time from typing out all the 0s. He sold 5,000,000 shares instead of the 500,000 shares he meant to sell, dangerous if you're not paying attention.
|
lol. Am I related to this guy?
|
|
|
|
|
05-07-2010, 08:02 AM
|
#25
|
|
Rider
Join Date: Apr 2010
Location: Surrey
Posts: 3,269
Thanked 2,081 Times in 532 Posts
Failed 439 Times in 100 Posts
|
today isn't look as bad. its moving away from the lows...i think ppl are going to get out and wait till next week and also see what takes place in euro over the weekend =]
|
|
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -8. The time now is 03:51 PM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
