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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: Jim Mullens who wrote (91457)	5/6/2010 6:36:38 PM
From: engineer	4 Recommendations Read Replies (2) of 197155

so the SEC should regulate how FAST the computer side can react to allow some human response to a market....... One person can screw up and the computers can send off the Nukes before the person can say "Doooopehhh"? Imagine this guy doing this last year about November.....and teh result would have been? 40% change? 60% change? Ok, now suppose that China or Russia wanted to take down our country fast. Then one of them could move $50B on one trade and our own computers would nuke us all into no money? How stupid and vulnerable is that? But then back to Citi.....again, how can they not have some higher level manager who has to double check a trade over say $50M or so? No oversight to a disgruntled employee? I think the SEC should investigate them as well.

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