Wednesday, October 1, 2008

Largei must have had a fit yesterday...

Take a look at GOOG after the close yesterday night. 322.99 bucks a share! And I thought Greenberg was losing billions! How about Google's Largei twins then?

Breath! Not so bad! It happens! Not?

Read the story:

The last-minute pounding Wall Street gave Google's shares was caused by "erroneous orders" that Nasdaq says it is canceling.

Minutes before the closing bell Tuesday, a flurry of trades sent the Web search leader's stock plummeting 10 percent to close at $341.43.

Nasdaq said in a statement that erroneous orders routed to Nasdaq from another market center were responsible for the high volume of trades.

The exchange raised Google's closing price to $400.52 -- a 5 percent gain for the day -- and canceled all trades below that amount and above $425.29 between 3:57 p.m. and 4:02 p.m. EDT.

Can you just believe this? And, if you're holding no GOOG stock, are you having a laugh?

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