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Orson Welles and the Google News Radio Theater present:
Sep 12 2008, 11:51 am
"The stock plunged from around $12 to just $3 a share before trading was halted."
Sep 12 2008, 12:07 pm
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.
Sep 12 2008, 12:08 pm
Gotta love that second by second playback of fail. Very thorough.
Sep 14 2008, 7:00 pm
IMPORTANT BREAKING INVESTMENT NEWS:
The Gug penny stock is about to soar! 256% increase expected in mere hours. Get in on the ground floor now!!!
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