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Bad keystroke leads to $251 million stock buy
by IconoclasT at 8:32 am EDT, Jul 5, 2005

Oops!

A Taiwan stock trader mistakenly bought $251 million worth of shares with a misstroke of her computer keyboard, 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 miskeyed in a small order from Merrill Lynch on Monday, creating confusion when many small companies inexplicably surged past the 7 percent trading limit.
"Something like this is difficult to explain to superiors," a Fubon executive said Tuesday.
Fubon said that the trader was unfamiliar with new computer systems and will be fired. The company will also examine its procedures of placing orders, it said

RE: Bad keystroke leads to $251 million stock buy
by dmv at 11:33 am EDT, Jul 5, 2005

IconoclasT wrote:

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

These stories occasionally come out, but I think the truth ends up being far more complicated. Someone did something wrong, someone got caught, a scapegoat/cute explanation was found, etc. No citations for that assertion, though.

RE: Bad keystroke leads to $251 million stock buy
by Vile at 3:34 am EDT, Jul 6, 2005

IconoclasT wrote:
Oops!
A Taiwan stock trader mistakenly bought $251 million worth of shares with a misstroke of her computer keyboard, 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 miskeyed in a small order from Merrill Lynch on Monday, creating confusion when many small companies inexplicably surged past the 7 percent trading limit.
"Something like this is difficult to explain to superiors," a Fubon executive said Tuesday.
Fubon said that the trader was unfamiliar with new computer systems and will be fired. The company will also examine its procedures of placing orders, it said

Ah, so some dumb chink bitch did something stupid. What else is new? Anyway, Fubon are assholes anyway for not investing that money in small companies from the start. I hope it brings the company DOWN!