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(Yahoo)   Man buys $.17 stock in bankrupt company for $100 per share. Resulting rise in NASDAQ triggers automatic buy programs.   ( divider line
    More: Amusing  
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7525 clicks; posted to Main » on 28 Sep 2001 at 11:18 AM (16 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

12 Comments     (+0 »)
2001-09-28 11:28:49 AM  
<sanity> anyone wanna buy some oceanfront property in Arizona? it's reaaal cheap...
2001-09-28 11:29:07 AM  
2001-09-28 11:46:18 AM  
HAHHA, these automatic triggers are so stupid. When the stocks drop, the auto sells become active and drive the price even lower, which sets of more auto sells, etc. And you end with a crash. Same with spikes. Seriously, you could do this every day.

I'd hold on to that oceanfront property. 70% of the big one hitting cali in the next decade.
2001-09-28 12:06:58 PM  
You didn't close the sanity tag,
2001-09-28 12:13:11 PM  

open sanity tag!!!!!
2001-09-28 12:21:11 PM  
ohmygodheleftthesanitytagopenandijusthadtosay weeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!!!
2001-09-28 12:24:25 PM  
2001-09-28 01:02:16 PM  
I'll take real stupidity over artificial intelligence any day.
2001-09-28 03:13:48 PM  
And to think that Exodus turned down a $50 / share buyout offer not more than 8 months ago :-)

now you can buy the company with the change left in the couch
2001-09-28 04:35:15 PM  
eek now if only someone would do that with Excite@home
I am losing my butt over there. oh well such is life.
2001-09-28 05:24:02 PM  
I feel incredibly powerful all of a sudden:)
2001-09-28 06:44:52 PM  
Exclusive photo of that man
[image from too old to be available]
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