Bad keystroke leads to $251 million stock buyPublished: July 1, 2005, 2:28 PM PDT
By ReutersA Taiwan stock trader mistakenly bought $251 million worth of shares with a misstroke of her computer keyboard, meaning her company is looking at a paper loss of more than $12 million and she is looking for a new job.
The trader with Fubon Securities miskeyed in a small order from Merrill Lynch on Monday, creating confusion when many small companies inexplicably surged past the 7 percent trading limit.
http://news.com.com/Bad+keystroke+leads+to+251+million+stock+buy/2100-1030_3-5772264.html?tag=st.rc.targ_mb Perhaps "Fubar Securities" is a more appropriate name.