Oops, I Shrink The Kids!

Reminds me of the good old science-fiction movie "Oops, I Shrink the Kid" where kids were accidentally shrunk to miniature sizes and someone lived to regret it! That could happen when a person accidentally did the wrong thing or pressed the wrong button, leading to a catastrophic scenario. A "catastrophic" event happen today at the Singapore Stock Exchange, where stocks index fell by 400 points, representing a whopping 11% plunge from the opening bell! If you are a trader or investor, I don't think you could bare to watch this bizarre plunge! Fortunately, this was due to a technical error as a local remisier accidentally sold 187,000 units of DBS (largest bank in Singapore) shares for SGD0.27 when in fact the shares were trading at above SGD23!! What a costly error! The error was quickly rectified in no time but this poor fellow remisier must be a pretty worried man! Worst of all, he may have incurred a huge trading loss as a result of this blunder!