الاثنين، 23 أبريل 2012

Bristol Myers stock recently traded at $34.348998

I saw that number posted last week and found it vaguely unsettling.  The shares were being priced at ten-thousandths of a penny.  It certainly represents a huge block changing hands, but more ominously to my view is the suspicion that the buy/sell was not between one investor and another; I suspect humans were not involved at all - that this is a computer trading with another computer.

There are repeated reassurances that multiple safeguards are in place, but I still find the concept creepy.

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