Re: The Distressing Dow Drop

I want a “B” button and I WANT IT NOW!!!!!

YOU never even told me there WAS one, Bingley BASTARD !!!!!

6 Responses to “Re: The Distressing Dow Drop”

1. JeffS says:

   May 6, 2010 at 6:03 pm

   One would think that you want a reset button, no?

2. tree hugging sister says:

   May 6, 2010 at 6:18 pm

   As if I’d worry about details…

3. Yojimbo says:

   May 6, 2010 at 7:58 pm

   Well, I’d like to give a big bat guano salute to that explanation. That just doesn’t survive the smell test for me. You simply don’t hit the sell key for sixteen million of anything, that size is shopped and would take weeks to unload. Sixteen million P&G means huge pension fund or one of the biggest mutuals. They have their own trading desks. If Smedly Q. Desk Guy popped sixteen large on the open market he would be trading tokens on Guam next week, assuming Guam didn’t tip over from the increase in naval forces or anything.

   Of course, I could be wrong. Shocking, isn’t it!

4. JeffS says:

   May 6, 2010 at 11:53 pm

   Very shocking, Yojimbo.

   Not! ;-D

5. Mr. Bingley says:

   May 7, 2010 at 6:35 am

   We have “fat finger” filters on our trading machines…because there are a few literally very fat fingers here. I’ve hit the wrong button a few times and bought when I should have sold or vice versa; it is easy to type ‘100’ when you meant ’10’ as well.

   But ‘1,000,000,000’ is a whole other kettle of fish.

6. Yojimbo says:

   May 7, 2010 at 9:10 am

   Hard to believe that some fund is going to dump sixteen million shares at one time on the market. When you say sixteen million you are usually talking about shares and not dollar amounts.