http://news.yahoo.com/s/nm/20050628...sXtiBIF;_ylu=X3oDMTBiMW04NW9mBHNlYwMlJVRPUCUl
TAIPEI (Reuters) - A Taiwan stock trader mistakenly bought T$7.9 billion ($251 million) worth of shares with a mis-stroke of her computer, meaning her company is looking at a paper loss of more than $12 million and she is looking for a new job.
The trader with Fubon Securities mis-keyed in a small order from Merrill Lynch Monday, creating confusion when many small firms inexplicably surged the 7 percent trading limit.
"Something like this is difficult to explain to superiors," a Fubon executive said Tuesday.
Fubon said that the trader was unfamiliar with new computer systems and would be fired.
"There is a paper loss of more than T$400 million," said the executive.
"However, with a good outlook for stocks in the second half, there are no plans to sell the shares in the near term."
TAIPEI (Reuters) - A Taiwan stock trader mistakenly bought T$7.9 billion ($251 million) worth of shares with a mis-stroke of her computer, meaning her company is looking at a paper loss of more than $12 million and she is looking for a new job.
The trader with Fubon Securities mis-keyed in a small order from Merrill Lynch Monday, creating confusion when many small firms inexplicably surged the 7 percent trading limit.
"Something like this is difficult to explain to superiors," a Fubon executive said Tuesday.
Fubon said that the trader was unfamiliar with new computer systems and would be fired.
"There is a paper loss of more than T$400 million," said the executive.
"However, with a good outlook for stocks in the second half, there are no plans to sell the shares in the near term."
