Breaking News:United Airlines Stocks drop from $12.00 to Zero in just eleven minutes amid rumors that the airline holding company was filing for bankruptcy, a rumor UAL said was completely untrue. The FTC has halted trading.
Market Watch just posted:
An old news item on United Airlines seeking bankruptcy inadvertently resurfaced on a Web site, triggering a sell-off that wiped out 99% of the company's share price,
Isn’t this internet terrorism?
Uhh, something isn't right here. 99% of the market value wiped out by a rumor? Is anyone at the SEC paying any attention?? These markets are rigged, big time.
What is wrong with this world? Who is spreading the rumors around? They are no better than the 911 terrists who tried to spread terror to the US public & tried to ruin the financial stability of the country. They should be severly punished for such act of terrists.