Why the Proctor and Gamble Selloff?

madison10 ^ | May 6, 2010 | Self

[madison10]

Here's why, IMO, the Proctor and Gamble stock dropped so fast: one of the major, direct holders is someone named PANAYOTOPOULOS EVRIVIADES. At a guess I'd say he is Greek. He may have seen something coming, OR there's some other reason he saw fit to sell off? Yahoo Finance Take a screen shot.

[madison10]

The real link

[BunnySlippers]

Someone types billion instead of million.

Even Apple lost 59 points.

[Dan Nunn]

[screaminsunshine]

An Obama plant in a firm made a purposful error to help Obama take over the stock market.

[Mr. Lucky]

You don’t think that the fact that the entire market took a huge dump maybe had some influence?

[madison10]

No tin foil here. Take a look at some of major holders of the companies...if the pages ever load.

[Frantzie]

I saw crazy gap downs on normal (non leveraged) ETFs of 20% in seconds. Insane.

[Tarpon]

or the banks in Greece seem to have spontaneously combusted ... how does that happen

we all know what the systemic problem is, government spending worldwide is out of control, It’s just that the socialists of Europe are going first.

Does anybody think what Obama is spending and doing to the private sector is going to work? We are now borrowing 42 cents of every dollar being spent.

[stig]

You don’t think that the fact that the entire market took a huge dump maybe had some influence?

No I think it's a mistake in the way they use TARP funds to prop up the market. Someone took money out instead of putting it back in. That's why it corrected so fast.

[Frantzie]

A major holder of News Corp (Fox News ) are Saudis. Anyone know if that Saudi billionaire also owns Disney (ABC) shares?

[Freddd]

Obama’s damage control pundits will be out in full force, probably won’t even make the 6 o’clock news...

[Leisler]

You shouldn’t of posted that picture. The hat is without a grounding strap/cable.

[Interesting Times]

I wonder who knew about this in advance.

[American Constitutionalist]

Whatever happened to that recovery we were told that was suppose to happen and the Obama administration was trying to take credit for ?
Did anyone notice the snarkey news headline in Yahoo yesterday/last night about the critics of the Obama administration were 180 wrong about a depression ?

[politicket]

Someone types billion instead of million.

That's a bald-faced lie. It's not what happened.

Western Europe has reached contagion, and the international banks have shut off the "credit valve" all over the industrialized world.

That's what happened.

[Mr. Lucky]

Actually, the current story is that the whole thing was triggered by a typographical error on a sell order.

In any event, the Greek guy is only the 4th largest shareholder in P&G. While 252,000 shares makes a nice nest egg, it only represents, what, 1/10 0f 1% of the stock outstanding.

[astyanax]

Pending lawsuit?
http://www.freerepublic.com/focus/f-news/2508206/posts

[mom4melody]

He’s an officer of the company, and we have lots of shares because both of us worked there.

[madison10]

The Greek stockholder of P & G needed capital so he sold off. Terribly coincidental that some "fat-fingered" trader just happened to "hit the wrong button" on the same day Greece is having money woes. Not buying it. Way more to it than that. Unless of course Citibank accidentally showed a common practice of market manipulation by "pushing the wrong button."