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To: Paul Shread who wrote (55312)	10/3/2002 4:13:18 PM
From: bcrafty	Respond to of 209892

Yep, maybe they just blew it From today's New York Times about the incident: "Such large orders would not usually be entered electronically. Instead, a brokerage firm might call other institutions to find buyers, and then report the trade. Or it might try to work the order, selling smaller parts while keeping confidential how many more shares were available. The Bear, Stearns order showed up as orders to sell 50,000 shares of numerous stocks, according to a person briefed on what occurred. Apparently traders questioned the orders, and that led to the discovery of the mistake. It was not disclosed how soon the order was canceled. The obvious impact on the market was obscured by the fact that stocks were already sharply lower. But the S.& P. 500, at 829.57 at 3:40 p.m., fell more than 3 points within five minutes. It recovered about half that amount by the close of trading at 4 p.m"