Posted on 06/03/2024 8:32:42 AM PDT by wastedyears
The New York Stock Exchange said Monday it was investigating a "technical issue" that was leading to large fluctuations in the prices of certain stocks including Warren Buffett's Berkshire Hathaway.
Everybody is a crook, get over it.
The worst thing is to put in a “sell at market” order, and get caught in the “technical” glitch. Good luck unscrewing that.
Yeah, the stock GOLD literally dropped to .25!!! Then, it shot right back up to $17+. Wonder which Congress member got paid?
It was several stocks on the NYSE that were affected. For instance, Barrick Gold (GOLD) was down 95% to .25 from 17.15. It certainly freaked me out for a few minutes.
“Were purchases made at the reduced price allowed to go through?”
No, I don’t think so since trading was halted on the stocks that were affected. I would think any buy/sell trades that were allowed will probably be unwound.
The “technical issue” is that the update to the program that illegally moves the price to allow insiders to trade had too few decimal points in the line of code.
I’ve always wondered how much it will drop when William Buffett passes away. Yeah, there are others running the company these days, but it’s still closely tied to his name and investment instincts. Same with Elon and TSLA...always a risk investing in companies tightly associated with an individual.
GOOGLE CLOUD HAD 647,000 INVESTORS IN PENSION FUNDS WORTH $1.38 BILLION that DISAPPEARED with a programming error.
GONE-—POOF-—TRYING TO “REBUILD”. AUSTRALIA
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