"The stock plunged from around $12 to just $3 a share before trading was halted." article4742147.ece

Let's be clear, the blame is solely on Bloomberg. They posted the news without doing any background work at all, and didn't even bother reading the entire article in question. Google is a an agragator, not a news journalist, and anyone who thinks of it as anything else is a fool. Blooomberg should be held solely responsible for the whole thing, as they are the ones who chose to snap on breaking news without giving it half a second's thought.

On the plus side, as a day trader, as I understand it, you could have made a quick/huge profit off the dip, then resulting jump back up. But I don't really understand the stock market.
Gotta love that second by second playback of fail. Very thorough.

The Gug penny stock is about to soar! 256% increase expected in mere hours. Get in on the ground floor now!!!