Today saw some very interesting trading in the shares of Google at the very end of the trading day. Nasdaq is citing “erroneous trades” as the culprit. Quite frankly I think a better explanation is in order because of the confusion that erupted when the stock went from 400 per share to a low of 25.80 within three minutes of the market close.

Ultimately Nasdaq has cancelled any trades made below 400.52 and above 425.29 that executed during the last three minutes of trading. This has upset many traders who had standing buy orders in at obscenely low prices, for what reason I don’t know, and have had those trades cancelled.

[tags]google, shaun carter, stock market, nasdaq, investing, trading, stocks[/tags]