huge sell hit ori meant to be fdl, page-6

i dont think it was a "mistake"...read the last line of the article



Orica trade mistake causes ASX drop
By a staff reporter

The ASX today momentarily dropped around 50 points, after an error in trading of Orica Ltd shares saw one million offloaded with seemingly no limit.

Shares in the chemicals and explosives maker were sold all the way down to 8.4 cents, from $31.73, along the way shedding about $22.7 million of their market value, although all the trades have now been cancelled. Orica's today closed at $32.18.

CMC Markets broker Matt Wacher said he expected them to be cancelled and when asked how the broker who set up the share sale would be feeling, Mr Wacher said: "Probably reasonably bad".

It is not yet clear which broker or fund manager set up the trade.

"I’m sure there’s speculation out there in the market but it hasn’t reached us yet," Mr Wacher said.

According to a source, two major trades went through at 8.6 cents, marking a saving of $3.15 million for the purchaser and one for 600,000 shares, marking another $18.35 million windfall