| Oops! Trader Mistakenly Spends $251 Million
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Taiwan stock trader looking for a new job after accidental share purchases
Reuters
Updated: 1:13 p.m. ET June 28, 2005
TAIPEI, Taiwan - A Taiwan stock trader mistakenly bought $251 million worth of shares with a mis-stroke of her computer, 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 made a typo while filling in a small order from Merrill Lynch on Monday, creating confusion when many small firms inexplicably surged past the 7 percent trading limit.
“Something like this is difficult to explain to superiors,” a Fubon executive said on Tuesday.
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Gives a whole new meaning to 'oops'. I doubt she will ever sing 'Oops, I did it again."
M. | |
