[Infowarrior] - NASDAQ: Some Google, Rohm & Haas Trades Canceled

[Richard Forno]

Interesing.....--rf


Some Google, Rohm & Haas Trades Canceled, Nasdaq Says (Update2)

By Lynn Thomasson

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8SoUM1aLCzs

Sept. 30 (Bloomberg) -- Some Google Inc. and Rohm & Haas Co. trades  
that occurred around 4 p.m. today will be canceled, the Nasdaq Stock  
Market said.

Trades of Google shares above $425.29 or below $400.52 that were  
executed between 3:57 p.m. and 4:02 p.m. New York time today will be  
broken, Nasdaq's regulatory arm said on its Web site. Rohm & Haas  
trades above $73.20 or below $68.93 during the same time period also  
will be canceled.

``Participants should review their trading activity for potentially  
erroneous trades outside the above referenced times,'' Nasdaq said.

Google, owner of the world's most popular search engine, fell as low  
as $200 at 4 p.m. Rohm & Haas, a chemicals producer, climbed to  
$100,000 moments before U.S. exchanges closed.

Google's closing price will be adjusted to $400.52, Nasdaq said. That  
will shift the Nasdaq-100 Index to 1,594.63, a 6.6 percent advance for  
the day, according to the Web site. The index previously was listed as  
closing at 1,584.60.

``It's disturbing to watch the number of these things and there seem  
to be more and more,'' said Laszlo Birinyi, who oversees more than  
$350 million as president of Birinyi Associates Inc. in Westport,  
Connecticut. ``We're watching trades more closely.''

To contact the reporter on this story: Lynn Thomasson in New York at lthomasson at bloomberg.net 
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Last Updated: September 30, 2008 19:06 EDT