The Electric Commentary

Friday, December 09, 2005

Whoops!

Christine Hurt tells a few tales of multi-million dollar typos:

This story, sent to me by Tim Zinnecker, takes the cake. Yesterday, J-Com Co. went public on the Toykyo exchange. Mizuho Securities Co. intended to enter an order to sell one share at 610,000 yen ($5,041). Instead, the order entered offered 610,000 shares for one yen/share (less than a penny). The order was entered, and the firm lost $225 million. Yikes!


There's more. Click here.

1 Comments:

  • So do you think whoever bought knew that they made a mistake and took advantage of it?

    By Anonymous Phil, at 7:18 PM  

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