Interesting People mailing list archives

IP: Expert says Hold, don't Buy small share lots tomorrow


From: David Farber <dave () farber net>
Date: Sun, 16 Sep 2001 03:47:58 -0400


Reply-To: <dgillmor () sjmercury com>
From: "Dan Gillmor" <dgillmor () sjmercury com>
To: <farber () cis upenn edu>

He's afraid it will crash the system:

http://web.siliconvalley.com/content/sv/2001/09/16/opinion/dgillmor/weblog/

"Our biggest enemy to stability right now is VOLUME of transactions. If we
get flooded with trades for 5 or 10 or 20 shares on Monday as a mass
movement to show faith, there is a risk this will crash the exchange systems
we connect with, clog our markets, and create the thing you are trying to
avoid."



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