On Monday, some shares of BRK.A traded for $185.10. That is a considerable discount. Trading on the stock was halted and, later, the trades were reversed. NYSE called it a "technical glitch". Apparently, there is a system that blocks trades that are outside of a predetermined window. That system malfunctioned, among others. When trades went through that were too low, they were reversed. This raises several questions. - how is a stock purchase not a stock purchase? - is this a sign of corruption? - do people realize how many magnets and buttons are set up on this gaming table? - what do you think about this chain of events? Big deal? No big deal? https://www.marketwatch.com/livecov...will-likely-be-reversed--BcoDbXbdepprdG81fRp0
Market manipulation by algorithms and news channels = good Making good on hilariously rare mistake = bad Got it.
I'm surprised there aren't more opinions on this. This site has people scouring the exchanges for deals and mispricings. How would you like to find a great deal, buy it, and then have someone come along and reverse the sale because it's too good? What happened to "all sales final"? When is a sale not a sale? When it isn't in the best interest of the people who control it.
I seen the article come out about this when it happened. I missed the -99% sale. I got lucky one time when a sales associate was putting out sale tags in preparation for the upcoming holiday sales. They had inadvertently put a sale tag on a way more expensive vacuum cleaner vs the cheaper version next to it. After some discussion, they yielded and I got the sale on the expensive model. Of course they immediately changed the sale sign so someone else wouldn't get the deal. Sucks that it was just a vacuum though....
