PEN 0.00% 8.7¢ peninsula energy limited

trading error leads to sell off

  1. 2,889 Posts.
    I thought this may be of interest to PEN holders weighing up market vagueries.

    A human trading error at a major firm was the root cause of Thursday's sudden, 9 percent selloff in U.S. stocks, sources told CNBC.
    Multiple sources said a trader entered the letter "b"as in "billion"when he or she meant to type "m," for "million," shortly before 2:47 p.m. New York time.

    oops.....

    full story at:
    http://www.cnbc.com/id/36999239
 
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