You think the action in Procter & Gamble was weird, check out the nosedive on Corzak Interactive, which plummeted from above $2 at 2:47 p.m. to $0.01 at 2:48 p.m. Had demand for website design services declined so sharply in that one minute?Obviously there was some sort of technical snafu out there. Still, it seems that the worries about Greece were seriously worsening Thursday. But Corzak currently has no Greek clients (although he is talking to a gyro shop).
So what's going on? How much of that scare was robots gone wild and how much was sensible worry from flesh and blood investors? We’ll have to wait and see, though the company did close down more than 3% on the Dow.