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To: bruceleroy1_- who wrote (194834)	10/2/2002 4:01:06 PM
From: RJL	Respond to of 436258

ROFLMAO! That's classic.

To: bruceleroy1_- who wrote (194834)	10/2/2002 4:05:09 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

f'n crooks -- u gotta love that, man -- maybe yesterday was an accidental buy program -- the whole thing is crooked from the bottom to the top.

To: bruceleroy1_- who wrote (194834)	10/2/2002 4:08:19 PM
From: maceng2	Read Replies (1) \| Respond to of 436258

15:56 ET Talk of sell program error Yep, I expect they will be trouble shooting that problem for the next year or two -g-

To: bruceleroy1_- who wrote (194834)	10/2/2002 4:09:55 PM
From: patron_anejo_por_favor	Respond to of 436258

ROTFLMAO! I'm in tears here! <<Hearing trading floor talk that an institutional sell program was mistakenly entered as shares for sale instead of dollars, resulting in a large downdraft in the market; we cannot confirm that the sell program occurred or that it was truly an error, but this talk is widespread in recent minutes>> I guess "Osama is dead" doesn't pack the juice it used to!<NFG>

To: bruceleroy1_- who wrote (194834)	10/2/2002 4:13:31 PM
From: Win-Lose-Draw	Read Replies (1) \| Respond to of 436258

oh come on now, what is this, the "osama is dead" replacement? they already used this one a week ago when somebody supposedly entered a 1.2 billion buy order three times instead of just once...

To: bruceleroy1_- who wrote (194834)	10/2/2002 4:25:36 PM
From: benwood	Read Replies (2) \| Respond to of 436258

That actually happened one time, years ago -- before 1990 I believe -- when a junior trader put in an order for something like 45 million shares to sell rather than 45 million dollars, with just 10 minutes to go in trading, so the DOW just plunged at the close (maybe 1 to 1.5% overall). Back then, it really stood out as an outlier; nowadays, with everybody used to enormous volatility, you could do that and it wouldn't even show up on the radar. Market action the last few months seems like a mugger violently shaking all the change out of his victim's pockets.

To: bruceleroy1_- who wrote (194834)	10/2/2002 4:28:25 PM
From: ild	Respond to of 436258

<<<entered as shares for sale instead of dollars>>> Not a big mistake if they were selling LU or NT (or CSCO soon)

To: bruceleroy1_- who wrote (194834)	10/2/2002 4:31:57 PM
From: 10K a day	Respond to of 436258

i want to go swimming

To: bruceleroy1_- who wrote (194834)	10/2/2002 4:35:30 PM
From: benwood	Read Replies (1) \| Respond to of 436258

I was eyeing a chart of the DOW, and I can see that it appears that, yes, an accidental sell program was initiated that caused much heavy selling. I'm not sure of the exact time of day, but it was most definitely on May 20th of this year. Thank god they finally caught it and stopped it!