Accenture: Went to a Penny at 2:48 p.m. (from above $40 at 2:47 p.m)

sabra

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Thu May-06-10 03:31 PM
Original message

Accenture: Went to a Penny at 2:48 p.m. (from above $40 at 2:47 p.m)

Edited on Thu May-06-10 03:32 PM by sabra

Source: WSJ

You think the action in Procter & Gamble was weird, check out the nosedive on Accenture, which plummeted from above $40 at 2:47 p.m. to $0.01 at 2:48 p.m. Had demand for consulting services declined so sharply in that one minute?

Obviously there was some sort of technical snafu out there. Still, it seems that the worries in Greece were seriously worsening Thursday. So how much of that scare was robots gone wild and how much was sensible worry from flesh and blood investors? We�ll have to wait and see, though we did close down more than 3% on the Dow.

Read more: http://blogs.wsj.com/marketbeat/2010/05/06/accenture-went-to-a-penny-at-248-pm/

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high density

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Thu May-06-10 03:32 PM
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1. I've seen three ETFs now that sold for 0.15

Very crazy day.

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Nihil

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Thu May-06-10 03:46 PM
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6. I seem to remember ...

... that this exact mechanism figured in the plot line of a Tom Clancy novel ...
"Debt of Honor" ... which, strangely enough, also included a trade war that
followed from a highly publicised accident involving Japanese cars ...

Now, where did I put that ... ah! :tinfoilhat:

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superconnected

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Thu May-06-10 03:34 PM
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2. It's called stock market corruption. ...brings up image of Mike Milken

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Ian David

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Thu May-06-10 03:37 PM
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3. Oh, the robots! Why do the scientists even make them?

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PM Martin

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Thu May-06-10 03:41 PM
Response to Original message

4. k/r

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slackmaster

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Thu May-06-10 03:41 PM
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5. I won't be surprised if it turns out those crooks had something to do with the whole dip today

:argh:

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Omaha Steve

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Thu May-06-10 03:54 PM
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7. Trades based on an error can be canceled by the exchange

It has happened before.

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aquart

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Thu May-06-10 04:03 PM
Response to Original message

8. An outsourcing company went to a penny?

And you all think it was an error? Why?

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OhioChick

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Thu May-06-10 04:06 PM
Response to Reply #8

9. .....

:rofl:

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ixion

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Thu May-06-10 04:11 PM
Response to Original message

10. Ah, here's what happened:

:rofl:

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Ikonoklast

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Thu May-06-10 04:12 PM
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11. I bought the entire company.

For pennies!

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denverbill

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Thu May-06-10 04:24 PM
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12. This is why I oppose take your daughter to work day.

Yes, I know today wasn't take your daughter to work day, but still, it could have happened.

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onehandle

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Thu May-06-10 04:39 PM
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13. Oh, my. How will these infamous outsourcers pay their rent on their mailbox in the Caribbean?

You know, their headquarters.

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