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Started By
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NYSE technical issue impacting some stock prices, incorrectly showing Berkshire Hathaway A
Posted on 6/3/24 at 9:15 am
Posted on 6/3/24 at 9:15 am
down 99.97 percent.
5
Posted on 6/3/24 at 9:19 am to Venus Flytrap
Are they allowing people to take advantage of it??
Posted on 6/3/24 at 9:41 am to grizzlylongcut
Trading is halted but I put in a limit order at $200 just in case.
Posted on 6/3/24 at 9:46 am to Venus Flytrap
I can finally afford a share of Berkshire Hathaway A. 
This post was edited on 6/3/24 at 9:47 am
Posted on 6/3/24 at 10:03 am to Venus Flytrap
Was there any changes to the indices that would cause this today? Reconstitutions and changes in regulations and fund rebalancing usually causes these flash crashes. Goes to show just how illiquid equity markets are.
Posted on 6/3/24 at 10:33 am to wutangfinancial
They claim it is fixed yet SOXL/SOXS has been stuck for at least half an hour.
Posted on 6/5/24 at 7:45 am to BuckyCheese
Somebody had a "war room" going for sure. Software install with bugs. That was my life once upon a time. Do not miss it.
Posted on 6/5/24 at 8:29 am to grizzlylongcut
quote:
Are they allowing people to take advantage of it??
Sorry. There was nothing to take advantage of.
Although for a different reason, it’s not uncommon for certain equity options (usually thinly traded ones) to show incorrect or mispriced quotes. You can put in an order, but they won’t execute.
Posted on 6/5/24 at 8:49 am to Venus Flytrap
quote:
NYSE technical issue impacting some stock prices, incorrectly showing Berkshire Hathaway A
quote:
down 99.97 percent.
Geez imagine the amount of soiled boxers filling bathroom trash cans this morning. The flash of losing your entire worth like this must be a reality check.
Posted on 6/5/24 at 9:46 am to Tasseo
quote:
Geez imagine the amount of soiled boxers filling bathroom trash cans this morning. The flash of losing your entire worth like this must be a reality check.
Sort of along that line, I wonder how well (and quickly) the brokerages were able to prevent margin traders from being (automatically) affected by this snafu?
Whether it’s short options positions or long equity positions being carried on margin, the systems that adjust “available funds for trading” and “percentage equity” are automated. So I’m just wondering if or how many customers got surprise nastygrams before action was taken?
Since my recent TDA transition to Schwab, I now have two accounts that somehow got “cloned” (Schwab admits they aren’t real), but they both show me having a negative $999,999,999 available funds to trade. And even though I know they don’t represent reality, just seeing them gives me pause. So I can imagine how much it would bother someone to get a (mistaken) margin call from something like this mispricing error.
Posted on 6/5/24 at 2:03 pm to Venus Flytrap
If I was able to buy 1 share at 185.10 market open before the shenanigans occured, would I really be able to sell that same 1 share for 600k+ 2 days later?
Posted on 6/5/24 at 2:46 pm to DJ3K
quote:
If I was able to buy 1 share at 185.10 market open before the shenanigans occured, would I really be able to sell that same 1 share for 600k+ 2 days later?
None of those trades settled so no. And it's T+1 now.
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