Friday, January 06, 2006

Oops 2

Seems like I spoke too soon: someone just bought 2,000 shares instead of 2 on the Japanese stock market - with each share being priced at about half a million Yen each, that's a ¥1 billion ($10 milllion) blunder. What's worse, this was an employee trading on her own account, rather than a faceless corporation making a dent in its profits. At least she only paid a fair market price and might be able to sell them again without too ruinous a loss. It will, however, have made a hole in her end-of-year bonus!

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