Apparently NASDAQ is investigating possible erroneous activity after 3:57 EST. It looks much more bizarre on the chart than it does in numbers, and the number look pretty freakin bizarre.
Understand the inherent risks of Google: Internet searching is nowhere near perfection as of yet, and it only takes on itsy bitsy competing solution that is better than Google to bring the whole shit down. It will most probably come from some other garage firm. The evolutionary problem with Google, is that they are not improving - just growing into other sectors, like Yahoo did. Google are not inventing anything new or doing improvements to their core searching functionality. Also, the advertising business is open to anyone...
Busted. http://www.bloomberg.com/apps/news?pid=20601087&sid=a8SoUM1aLCzs&refer=home Some Google, Rohm & Haas Trades Canceled, Nasdaq Says (Update2) By Lynn Thomasson Sept. 30 (Bloomberg) -- Some Google Inc. and Rohm & Haas Co. trades that occurred around 4 p.m. today will be canceled, the Nasdaq Stock Market said. Trades of Google shares above $425.29 or below $400.52 that were executed between 3:57 p.m. and 4:02 p.m. New York time today will be broken, Nasdaq's regulatory arm said on its Web site. Rohm & Haas trades above $73.20 or below $68.93 during the same time period also will be canceled. ``Participants should review their trading activity for potentially erroneous trades outside the above referenced times,'' Nasdaq said. Google, owner of the world's most popular search engine, fell as low as $200 at 4 p.m. Rohm & Haas, a chemicals producer, climbed to $100,000 moments before U.S. exchanges closed.
The AH price closed exactly where it left off at 3:57, but it was trading at around 405 for an hour before settling around 414. A good arbitrage opportunity.