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To: yard_man who wrote (55200)	10/2/2002 6:47:52 PM
From: bcrafty	Read Replies (3) \| Respond to of 209892

tippett, I don't buy it On my three minute GE chart, my data shows a short red price bar with a volume of 160,500 @ 3:48 followed by a long green price bar with a volume 1,137,200 @ 3:51. Even if one buys this "mistake" idea, it looks like they corrected quickly, and not much happened except that one could argue that GE went .30 lower than it maybe would have for a few minutes at best. If I had a cover order in for 24.25 I bet I would not have gotten a fill. Edit: it now appears the mistake involved S&P securities, and not GE.

To: yard_man who wrote (55200)	10/2/2002 6:48:55 PM
From: The Freep	Respond to of 209892

Mistakes do happen. I recall some poor bloke in England sold a slew of bonds a few years ago in a similar entry error. Also, I remember years back that a guy at a Tijuana betting parlor accidentally had that year's baseball favorite (I recall it being Oakland) at 1000-1 odds for a few hours before the season opened, when the odds were about 2.5-1 everywhere else. "All but $622 million of the $4 billion transaction was canceled prior to execution, the NYSE said in a statement" Hmmm. . . this is interesting. First of all, it's a non-trivial amount that DID sell: 155 times the planned amount. Still, that's only a fraction of total daily volume in the market. But. . . do they now buy back? Will various "wash rules" prevent it? Also, while there does appear to be a Dow sell off at around 20 minutes left, it was pretty minor compared to what came in the 40 minutes before it. Dow had a bad day after that Fed governor said the "disinflation" word, imo, and financials were weak long before Bear got involved. Bulls better hope this isn't a "big white stick then selloff" like July 5th and beyond. . . the freep