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Bad keystroke leads to $251 million stock buy

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Bad keystroke leads to $251 million stock buy

A Taiwan stock trader mistakenly bought $251 million worth of shares with a misstroke of her computer keyboard, meaning her company is looking at a paper loss of more than $12 million and she is looking for a new job.

The trader with Fubon Securities miskeyed in a small order from Merrill Lynch on Monday, creating confusion when many small companies inexplicably surged past the 7 percent trading limit.

Read the complete story. (Reuters, news.com)