Re: REMARKABLE -- United Airlines Stock

[David Farber <dave () farber net>]

Begin forwarded message:

From: "Bob Frankston" <Bob19-0501 () bobf frankston com>
Date: October 1, 2008 4:44:43 PM EDT
To: <dave () farber net>, "'ip'" <ip () v2 listbox com>
Cc: "'Peter G. Neumann'" <neumann () csl sri com>
Subject: RE: [IP] REMARKABLE --  United Airlines Stock

I too am curious. But then this reminds me of my days at Interactive  
Data and their use of data from the S&P pricing service and then their  
purchase of the service. Checking the data for accuracy was always a  
concern.

The other interesting question is what the effects are in a market  
that trades on millisecond events. It’s like turning your computer  
clock ahead and finding out all sorts of events had fired and you  
couldn’t simply turn the clock back. How many events outside of the  
NASDAQ purview were triggered?

-----Original Message-----
From: David Farber [mailto:dave () farber net]
Sent: Wednesday, October 01, 2008 15:15
To: ip
Subject: [IP] REMARKABLE -- United Airlines Stock



Begin forwarded message:

From: "Peter G. Neumann" <neumann () csl sri com>
Date: October 1, 2008 12:25:21 PM EDT
To: dave () farber net
Cc: neumann () csl sri com
Subject: Re: [IP] WORTH READING Six-Year-Old News Story Causes United
Airlines Stock to Plummet -- UPDATE Google Placed Wrong Date on Story
| Threat Level from Wired.com

Dave, With respect to the United story, the last few minutes of NASDAQ
had an amazing event relating to Google stock that is not reported in
today's NYT and mentioned only in passing in a very brief detail-free
summary in the San Fran Chron.

  GOOG: Stock Quote & Summary Data   had this GOODy.

  Last Sale  $320.50
  Change Net $60.50  -15.89%
  Today's High/Low $483.63 / $39   [NOT A TYPO]

In a glitch that apparently remains to be explained,
the stock price took a horrendous dive in the last
few minutes and then recovered.  Although some people
tried to profit from it, NASDAQ apparently revoked all
transactions that occurred during the downward "surge".

TheAustralian.news.com.au blames "Erroneous trades" routed
to Nasdaq sent Google shares tumbling.  Shares rebounded
in after-hours trading to $413.06.

I look forward to some detailed explanations for RISKS.

Peter




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