a $250 million dollar mistake - oops.

Biggy · 12-09-2005

"TOKYO -- A simple error in inputting a stock trade roiled the Tokyo Stock Exchange and is expected to cost the securities arm of one of Japan's biggest financial groups as much as $250 million, in what could become one of the most costly mistakes at the Tokyo exchange.

Early yesterday morning, Mizuho Securities mistakenly placed an order to sell 610,000 shares of J-Com for one yen each, instead of one share for 610,000 yen ($5,043), the company said at a late-night news conference. The order -- for more than 42 times the number of shares that J-Com had outstanding -- sent shares of the tiny company falling to their lowest trading limit of 572,000 yen."

This is undeniably Bush's fault.

12-09-2005	#1
Biggy Members Join Date: Jul 2003 Posts: 768	a $250 million dollar mistake - oops. "TOKYO -- A simple error in inputting a stock trade roiled the Tokyo Stock Exchange and is expected to cost the securities arm of one of Japan's biggest financial groups as much as $250 million, in what could become one of the most costly mistakes at the Tokyo exchange. Early yesterday morning, Mizuho Securities mistakenly placed an order to sell 610,000 shares of J-Com for one yen each, instead of one share for 610,000 yen ($5,043), the company said at a late-night news conference. The order -- for more than 42 times the number of shares that J-Com had outstanding -- sent shares of the tiny company falling to their lowest trading limit of 572,000 yen." This is undeniably Bush's fault. __________________ Create a solid TGP presence for your site(s). ICQ: 110850739