Dow manipulation fraudulent?

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Mogul of Pineapples
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Dow manipulation fraudulent?

Postby Mogul of Pineapples » Thu May 06, 2010 7:39 pm

According to Bloomberg the almost 1,000 point fluctuation seen today was the largest one-day point loss in a single day. As we know it recovered to being "only" down around 350, but still, how can an error really cause that? They blame a typo on a Proctor and Gamble order, but that doesn't explain the 8 stocks that went to one penny or zero.

What do you think... glitch or was there extremely sophisticated hacking/manipulation going on?
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Postby FidelityAmex » Sat May 08, 2010 1:05 am

It was NYSE technology error. They canceled all trades made between 2:40pm to 3:00pm. It was obviously No hacking or manipulation because there were only 12,000 shares of Procter and Gamble traded during that time.

My portfolio lost $1000 on that day :money: :eek:

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Postby fffresh » Sat Jul 24, 2010 1:37 am

What I find particularly odd is that we have heard nothing regarding this matter since the day it occurred. Surely this story warranted followup coverage.

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