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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 177.78-2.2%Jan 9 9:30 AM EST

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To: engineer who wrote (91453)5/6/2010 6:05:54 PM
From: Jim Mullens2 Recommendations  Read Replies (1) of 197156
 
Engineer, re: "Trading Error at Major Firm Blamed For Selloff"

entered "B" rather than "M" (only 2 keys away-- govt answer>> redesign keyboard!!!)

Then with program trading / Fast Trading systems-

+ Pre-programed a algorithms at numerous hedge funds / fast trading shops react / respond in a micro-second jumping on the bandwaggon accelerating the "action"

+ One button trading- with derivates (Leveraged short /long ETFs, Indexes, etc) impacting 5,000 to 10,000 stocks and Trillions of market cap without a single person in charge.

What a way to run a railroad (casino)!!
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