[Search-l] Outdated bankruptcy story sparked a $1 billion run on an airline’s stock value
Balinny
balinny at gmail.com
Sat Sep 13 12:13:50 UTC 2008
A surfer views a newspaper old article about a company's bankrupcy on a
low traffic period.
It bumps to Popular Stories
Google News Bot catches it as a new article
From Google News it moves to Bloomberg financial information service
Investors dumps the stock
Algorithms also sell.
The stock plunged from around $12 to just $3 a share
http://technology.timesonline.co.uk/tol/news/tech_and_web/article4742147.ece
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