We need a special regulator for UBS.
O
Tags:
(Senior Neanderthal, 4,380
Points)
on 6/8/12 at 1:37pm
How do you lose 350 million dolllars in aday on one stock.....that should be on Monday Night Footballs C'MON MAN.
cnbc breaking news ~





http://www.cnbc.com/id/477393
http://www.cnbc.com/id/47739332
Fixed the link for ya, but yeah that's kinda embarrassing.
Summary of storie UBS Wanted
Summary of storie
UBS Wanted one million shares
UBS couldn't get confirmation fo order fill
UBS spams buy button with force of a truck just in case button is stuck
UBS ends up with way more than a million shares
UBS learns clicking buy button multiple times when they don't have order confirmation is a bad idea and does not speed up the process.
blastoise: Summary of
Summary of storie
UBS Wanted one million shares
UBS couldn't get confirmation fo order fill
UBS spams buy button with force of a truck just in case button is stuck
UBS ends up with way more than a million shares
UBS learns clicking buy button multiple times when they don't have order confirmation is a bad idea and does not speed up the process.
like the idiots who keep clicking print every second for 5 hours when nothing shows up in the tray smh
Just saying...
hahaha @blastoise
hahaha @blastoise
See my Monday Morning Brainteasers
blastoise: Summary of
Summary of storie
UBS Wanted one million shares
UBS couldn't get confirmation fo order fill
UBS spams buy button with force of a truck just in case button is stuck
UBS ends up with way more than a million shares
UBS learns clicking buy button multiple times when they don't have order confirmation is a bad idea and does not speed up the process.
this is gold.
That special regulator is
That special regulator is called the free market.
blastoise: Summary of
Summary of storie
UBS Wanted one million shares
UBS couldn't get confirmation fo order fill
UBS spams buy button with force of a truck just in case button is stuck
UBS ends up with way more than a million shares
UBS learns clicking buy button multiple times when they don't have order confirmation is a bad idea and does not speed up the process.
we need a special forum for blastoise content
Making money is art and working is art and good business is the best art - Andy Warhol
This is bad journalism from
This is bad journalism from CNBC. The article says MAY have trading loss of $350m. The real figure is of course nowhere near that!
Facebook IPO price: $38
Facebook current stock price: around $28
Hence, loss on every Facebook share: $10
UBS wanted 1million shares and would therefore have made a loss of $10 million.
Assuming that because of the glitch, they got 5 times as much as they wanted, ie 5 million (which is already a pretty strong assumption), then their losses are of $50 million, NOT $350 million, which is a figure CNBC got where??