Avtel Communication (AVCO) Message Board

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Technology Stocks : Avtel Communication (AVCO)

AVCO 2.120

+2.4%

Oct 31 3:59 PM EST

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To: Scott Moore who wrote (184)	11/13/1998 1:43:00 AM
From: CoffeePot	of 461

Trader sends market diving by leaning on keyboard 5:11 p.m. ET (2112 GMT) October 15, 1998 PARIS — Electronic trading may be cheap, but leaning on the keyboard can be costly. A mystery plunge in the value of French 10-year bond futures on July 23 was triggered by a bank trader at Salomon Brothers in London who accidentally and repeatedly hit the "Instant Sell'' button, investigators said Thursday. A wave of 145 separate sell orders sent the price diving on electronic screens. "The disputed trades arose as a result of the prolonged, unintentional and inadvertent operation of the 'Instant Sell' key,'' said an investigation by computer software firm Cap Gemini and security group Kroll Associates. Salomon Brothers declined to comment on any losses. Nope,, nothing that innocent here this was planned out to deceive investors into thinking the company was something it wasn't,, what I'd really like to know is how many shares JOE PISSINI had before the run.

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