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  GOOG error correction
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shaunakkh...@gmail.com  
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 More options Sep 30 2008, 5:18 pm
From: shaunakkh...@gmail.com
Date: Tue, 30 Sep 2008 14:18:01 -0700 (PDT)
Local: Tues, Sep 30 2008 5:18 pm
Subject: GOOG error correction
CNBC reports.... Nasdaq has cancelled all trades below 400.52 for
Google determining Google's price at close on Tuesday to be
400.52...Whew....

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macd....@gmail.com  
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 More options Sep 30 2008, 5:31 pm
From: macd....@gmail.com
Date: Tue, 30 Sep 2008 14:31:01 -0700 (PDT)
Local: Tues, Sep 30 2008 5:31 pm
Subject: Re: GOOG error correction

shaunakkh...@gmail.com wrote:
> CNBC reports.... Nasdaq has cancelled all trades below 400.52 for
> Google determining Google's price at close on Tuesday to be
> 400.52...Whew....

Yeh, what was up with Google? I wasn't able to watch the markets today
but got a phone call from a broker-friend of mine who said something
was happening with Google pricing (his words were "someone is playing
with Google, better look at it. something is up.").
So what happened?

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david.vanwago...@gmail.com  
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(1 user)  More options Sep 30 2008, 8:25 pm
From: david.vanwago...@gmail.com
Date: Tue, 30 Sep 2008 17:25:43 -0700 (PDT)
Local: Tues, Sep 30 2008 8:25 pm
Subject: Re: GOOG error correction
This is a PERFECT example of the ease with which the big MMs are able
to manipulate stock prices.  In this case they must have had a decimal
place out of whack-  but still-  if they are able to easily create a
huge drop in price like this, imagine how much stuff they can do while
remaining "off the radar."  I wish like hell the SEC would look into
this "event" and end this kind of thing.  I blame the current market
woes EQUALLY on the new skill of the shorts (since the rule change on
shorting last fall) and the irresponsible lending practices sanctioned
(again and again) by you know who.

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JM  
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(4 users)  More options Sep 30 2008, 8:32 pm
From: JM <jason.mei...@gmail.com>
Date: Tue, 30 Sep 2008 17:32:45 -0700 (PDT)
Local: Tues, Sep 30 2008 8:32 pm
Subject: Re: GOOG error correction
sec is fine, goog stock is just overvalued.

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tysonb...@gmail.com  
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 More options Sep 30 2008, 8:41 pm
From: tysonb...@gmail.com
Date: Tue, 30 Sep 2008 17:41:16 -0700 (PDT)
Local: Tues, Sep 30 2008 8:41 pm
Subject: Re: GOOG error correction
They treated it like a misdeal. Something screwed up and they try to
figure what's the best way to make this right. Thus....


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3invest...@gmail.com  
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 More options Sep 30 2008, 8:47 pm
From: 3invest...@gmail.com
Date: Tue, 30 Sep 2008 17:47:18 -0700 (PDT)
Local: Tues, Sep 30 2008 8:47 pm
Subject: Re: GOOG error correction
Over the long run, there is nothing MMs, M&Ms, or Eminem can do to
effect stocks' performances over the long haul.  If you're concerned
over the small details, just make sure your brokerage is not
overcharging you for market orders or undercutting you with limit
order buy/sells at the bell.

Instead of blaming the shorts, thank them for exposing the dangerous
stocks over the past year.  The accuracy professional short traders
have had in finding losers has increased drastically since the rule
change, perhaps just a coincidence.

Other than that you can blame some of the big shot companies for being
in bed with congress (both sides of the isle).

Looking at GOOG, today was a glitch, merely a glitch.  Chill out
already.


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david.vanwago...@gmail.com  
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 More options Oct 1 2008, 11:17 am
From: david.vanwago...@gmail.com
Date: Wed, 1 Oct 2008 08:17:28 -0700 (PDT)
Local: Wed, Oct 1 2008 11:17 am
Subject: Re: GOOG error correction
Thank you 3invest... for your measured response.  I respect that in a
functional open market there is an important role for shorts to play,
but it seems that the disparity in the "size" of investors at work
(ranging from a multitude of individuals to a few very large funds)
allows for that playing field to be artificially slanted.  While it is
true that MMs (and white rappers, and brown chocolate pieces sans
wrappers) cannot hold the head of sound companies underwater
indefinitely, the stock price is ultimately decided not by company
fundamentals but by the price at which a buyer and seller agree to a
transaction.

Not knowing the details of the glitch, this Google "glitch" may be
illustrating how easy it is for a short to insert a "fake transaction"
into the market that can trigger an avalanche of stop orders and
create a snow ball effect.  I'm not clear on how exactly this is done,
but if you can find a co conspirator who will help you arrange a
transaction at an artificially low price, the market will do the
rest.  I wonder how often "glitches" of this kind (of less obvious
magnitude) actually occur.

But, I'm chill.  Knowing this kind of crap is possible is 1/2 the
battle in avoiding its effects.  Chill.


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morganjunkem...@gmail.com  
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(5 users)  More options Oct 1 2008, 12:06 pm
From: morganjunkem...@gmail.com
Date: Wed, 1 Oct 2008 09:06:51 -0700 (PDT)
Local: Wed, Oct 1 2008 12:06 pm
Subject: Re: GOOG error correction
Michael Bolton: "I must have, I must have put a decimal point in the
wrong place or something. Sh*t. I always do that. I always mess up
some mundane detail."
Peter: "This is not some mundane detail, Michael!"

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hrant.kara...@gmail.com  
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 More options Oct 1 2008, 12:26 pm
From: hrant.kara...@gmail.com
Date: Wed, 1 Oct 2008 09:26:38 -0700 (PDT)
Local: Wed, Oct 1 2008 12:26 pm
Subject: Re: GOOG error correction
JM Nostradamus predicted $320 any updates to that view

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jh044...@gmail.com  
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 More options Oct 1 2008, 12:53 pm
From: jh044...@gmail.com
Date: Wed, 1 Oct 2008 09:53:24 -0700 (PDT)
Local: Wed, Oct 1 2008 12:53 pm
Subject: Re: GOOG error correction
Boy am I slow - just read abt GOOG's error here:
http://timothysykes.com/2008/10/01/wild-google-inc.-goog-stock-price-...

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