[Nords]

Quote:

Originally Posted by cute fuzzy bunny I guess they had to bring in some experts to analyze how the 'winners' might have cheated and scuttled the top people. "Beginners Luck" indeed.

From the Business Week article CNBC's Easy Money :

"How could traders exploit CNBC's glitch? According to several participants, the technique was relatively simple, but not obvious to all participants. A trader could go to the CNBC Web site and select a number of stocks to buy, but hold off on executing those trades. If you made the selection before the close of regular trading at 4 p.m. EST and left your Web browser open, you could execute those trades after hours and still receive the 4 p.m. closing price. For example, if a company whose stock closed at $20 a share rose to $25 in after-hours trading, you could buy the stock at $20, even though it was already worth 25% more (see BusinessWeek.com, 6/8/07, Slide Show: "How to Game CNBC's Stocks Contest"). "