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Apple, Inc. Briefly Influenced By Newton's Gravity

Apple ($AAPL) experienced a flash crash this morning, plunging the stock by more than 9% in less than a minute. It was triggered by a few (100) shares selling at a very discounted rate -- possibly human error.

If a mistake, I feel sorry for the individual who gave up almost $6000 due to not being careful with data entry and by not verifying before submitting the trade. The stock was halted briefly and then resumed trading.

Apple must have its anti-gravity machine on as the fruit left the ground, reattaching to the tree. Shares of Apple quickly recovered back to where it had been before the big drop.

This is a quick lesson to all market dabblers. One, triple check your figures and ticker symbols before initiating any trade. Two, don't get spooked by irrational action in the market.

#Apple #stock #market
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Manu Sporny's profile photoDessislava Jeleva's profile photoJeff Sayre's profile photoMaher Soua's profile photo
3 comments
 
It's amazing to me that there aren't protections against doing such things in the system... WARNING: You are about to trade something at 100 times less than it's current market value [INSERT GRAPHIC: show two bars - red arrow at the tiny bar that states: "This is you, very close to making a huge mistake"]
 
The rise in Apple's stock price in the last year is unreal. 52 weeks ago it was $310, now it's $600 even without the great Steve Jobs.
 
Trading platforms will let you be foolish! There should be some warning that pops up before approving market trades that are more than 1% below or above the current market price.
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