It started with an alert sent out Monday morning by Nasdaq OMX Group, the exchange whose technical glitches caused a delayed opening of Facebook on Friday and left many orders unfilled.
The alert said that any investor who lost money because of the delay could be eligible for compensation. Claims had to be submitted by noon on Monday.
So what happened was that people sold the stock with both hands and eventually the stock recovered after the noon deadline had passed. Either way I think NASDAQ and Morgan Stanley needs to sit down in from of regulators and figure out exactly what happened and see that it doesn't happen again.
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