Tuesday, September 30, 2008

Goooooing gooooing Google!

For anyone following the markets during the recent turmoil the last minute Google jump might've seemed as just another sign of the Financial Apocalypse.

In the last 5 minutes of trading GOOG seemed to take a nosedive from 400 to 250. Luckily NASDAQ came to it's senses shortly and flagged this as an "possibly erroneous trade", but with this market I'm sure I wasn't the only one thinking ohh crap..

The NASDAQ Official Closing Price in GOOG will be adjusted to $400.52. This will be reflected on the tape shortly. Clients who had executions in today’s closing cross in GOOG will get the shares at the adjusted price ($400.52) in clearing tomorrow, and will receive an electronic break today. Any questions please call Market Operations at 212-231-5100.

The best part of this whole thing (thanks to RainbowShrimp for the tip) was this post on Google Forums:

jimn...@gmail.com - view profile
Tues, Sep 30 2008 5:34 pm
Not yet rated
show options

SHIT!!! MY 12 million dollars just came back to $3000 again!!! Well, i
can say at one point of my life , I had 12 million ....

No comments: