Easy fix - put in more effective circuit breakers. Right now they are limited to the indices and certain hours of the day.
http://www.nasdaqtrader.com/trader.aspx?id=CircuitBreaker
Make it so circuit breakers apply to individual stocks, and for all hours of the trading day.
For example, commodities have a 'limit up': http://www.investopedia.com/terms/l/limitup.asp