Trader mistakenly spends $251 million

baggio248 · 06-30-2005, 09:25 AM

Holy cow....she screwed up big, or this could be a good thing if the outlooks are correct.

Quote:

TAIPEI, Taiwan - A Taiwan stock trader mistakenly bought $251 million worth of shares with a mis-stroke of her computer, meaning her company is looking at a paper loss of more than $12 million and she is looking for a new job.

The trader with Fubon Securities made a typo while filling in a small order from Merrill Lynch on Monday, creating confusion when many small firms inexplicably surged past the 7 percent trading limit.

“Something like this is difficult to explain to superiors,” a Fubon executive said on Tuesday.

Fubon said that the trader was unfamiliar with new computer systems and would be fired.

“There is a paper loss of more than T$400 million,” said the executive.

“However, with a good outlook for stocks in the second half, there are no plans to sell the shares in the near term.”

Thesifer · 06-30-2005, 02:22 PM

Would be messed up if after they fire her.. the stocks soar.. and they make millions/billions off her mistake.

DarkFury · 06-30-2005, 06:31 PM

Talk about the "typo from hell".

TYPOS SUCK!

Copyright & Trademarked by DarkFury

tupacboy · 07-01-2005, 10:57 AM

wow... u would think they would have a "are you sure" or something like that pop-up before the transaction goes through...

InfiniteNothing · 07-01-2005, 11:05 AM

Life needs a ctrl-z

dbax791 · 07-01-2005, 04:52 PM

Quote:

Originally Posted by InfiniteNothing

Life needs a ctrl-z

Heh. That was good.

What's scary is that I get the joke.

zero2dash · 07-02-2005, 02:42 AM

Maybe it's just me, but I see this as a commercial with a tagline following that says:

"Wanna get away?"

And it turns into a Southwest Airlines commercial.

DarkFury · 07-02-2005, 03:30 AM

Quote:

Originally Posted by zero2dash

Maybe it's just me, but I see this as a commercial with a tagline following that says:

"Wanna get away?"

And it turns into a Southwest Airlines commercial.

"Fasten your Seatbelts".

zero2dash · 07-02-2005, 03:51 PM

*ding*

You are now free to move about the country...

speedracer120 · 07-02-2005, 03:54 PM

This thread keeps getting better.

06-30-2005, 02:22 PM	#2
Thesifer Vice Admiral Join Date: Jun 2003 Location: Oklahoma Posts: 4,338	Would be messed up if after they fire her.. the stocks soar.. and they make millions/billions off her mistake. __________________ Last edited by Thesifer : 06-30-2005 at 07:29 PM.

06-30-2005, 06:31 PM	#3
DarkFury Secretary of the Navy Join Date: Feb 2001 Location: Chillin' N Da 'Hood Posts: 34,997	Talk about the "typo from hell". TYPOS SUCK! Copyright & Trademarked by DarkFury __________________ DarkFury's Pimptopia - Don't Hate the Playa, Hate the Game! Home of the Original OG Pimp (accept NO imitations) Last edited by DarkFury : 06-30-2005 at 06:34 PM.

07-01-2005, 11:05 AM	#5
InfiniteNothing Chief of Naval Operations Join Date: Aug 2002 Location: San Diego Posts: 10,086	Life needs a ctrl-z __________________ As for our common defense, we reject as false the choice between our safety and our ideals.

07-02-2005, 03:54 PM	#10
speedracer120 Rear Admiral Upper Half Join Date: Mar 2000 Location: HB,CA/PA Posts: 3,437	This thread keeps getting better. __________________ Off in La La Land

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07-01-2005, 10:57 AM	#4
tupacboy Rear Admiral Lower Half Join Date: May 2000 Location: border of oc and la Posts: 2,382	wow... u would think they would have a "are you sure" or something like that pop-up before the transaction goes through...

07-02-2005, 02:42 AM	#7
zero2dash Commander Join Date: Dec 2000 Location: Fenton, MO - but I wish I was at the beach. ANY beach. Posts: 1,367	Maybe it's just me, but I see this as a commercial with a tagline following that says: "Wanna get away?" And it turns into a Southwest Airlines commercial.

07-02-2005, 03:51 PM	#9
zero2dash Commander Join Date: Dec 2000 Location: Fenton, MO - but I wish I was at the beach. ANY beach. Posts: 1,367	ding You are now free to move about the country...

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