My BRK.A $186 buy order ended up filling but at $648k… Phoned my broker they said it hit NYSE and I actually own the share. This in my TFSA and it took out margin/negative amount in the account to buy it. Don't actually have the money to buy it. You are not allowed to have margin on a TFSA. The brokers system messed up… Would never think I would be able to say I am BRK.A holder
Edit: If you are looking for pics, sort by controversial it will probably show
Posted by Chunkymonkey755
46 Comments
If this is true congratulations, now you are rich
Where’s the pic? Proof or ban
Here is a pic
https://preview.redd.it/t6t2u05k5f4d1.jpeg?width=1242&format=pjpg&auto=webp&s=d0ca9b49bba7224a2e2e2f7b9d4a6d42025eb0a2
It’s getting reversed anyway lol all those stocks that glitched today aren’t getting settled don’t get too excited
You called NYSE… How does that even happen ?
They will reach back to you and recall the share just wait a bit
You had this chance, you tried, and you bought 1? Jesus, buy 10 at least
It said filled price 648000 usd.
So you paid market price, $648,000, for one share?
You’re supposed to use a limit order… I guess that technically falls on your broker though…
So this is just an error from your broker? Won’t they correct this tomorrow?
This will never settle. Remindme! 2 days
Who tf uses market orders
Don’t worry, they’ll take it back
No one got any shares with the glitch. They won’t honor it. No broker is going to honor it and have to pay the difference if they let it slide.
I am confusion – did you end up paying 185 or 648k for it?
Fake and g
I want to see it say you own it at $186. No way dude
Heh, watch this be the glitch that fucks the 1 day settlement where they don’t react fast enough to cancel 💀
When your $186 order is actually a market order lmao
You belong here
You lying whore
No way. Those trades always get broken by the exchange. That’s not gonna hold up. I know people who have tried this in the past.
EDIT: Holy sheet, I misunderstood your post. You MARKET bought and were immediately down $16k? Yikes. I thought you put a limit order in at $185 (glitch price) this morning and got it. That of course would get reversed. But wow.
Lies theybsaid no trades went through.
lol you fucking idiot
This was the biggest mistake of your life
Lost 17K in a day
Never ever use Market type Orderrrrer
damn. Hope you can get out of this one alive.
Best case, the stock moves above your cost basis and you can close it out.
What did the broker say? If it’s true that the trade shouldn’t have happened on margin, curious now what they do. Keep us posted.
Picture or ban
So you wanted to buy at $168, but set a market order instead of a limit order and got filled at $648k? Yeah that’s not gonna get reversed, your broker will auto sell at a loss and you’ll be researching extradition free countries in no time.
I’ll pray Brk goes up tonight so this doesn’t totally blow up in your face. Good luck, bro!
What an absolute loser. Congrats 😂
File a dispute for execution if they have not busted it already
You need to challenge the fill
Wow, that is crazy
You belong here! Looks like you bought at market price .. 😂
https://preview.redd.it/hbd2yg0obf4d1.jpeg?width=1170&format=pjpg&auto=webp&s=4961e0e432242cfadcc15344fefe50e3e7f3f9cc
Not on subject but I love this reply to @roaringkitty getting his E*trade potentially banned/ booted
lol if true you are in deep trouble if you don’t fix that shit up and sell this asap, but it is most likely bullshit.
Congratulations and you’re fucked by NYSE.
You’re not allowed to use margin in a TFSA account so, glitch or not there’s something fishy here.
No way. Broker will reverse the transaction
You’re not alone, some shares traded at 700k+ it seems after trading resumed. You can pray that NYSE corrects the price but it seems very unlikely given it was “only” 2-3% off market. It is also very unlikely that the trade will be cancelled, so you should mitigage the share’s risk yourself.
Just sit on it cus die to todays glitch fuck fast it will pump up higher than before it only dropped due to people saying wtf and old Buffett saying oh yea buying back some shares on the cheap. It will be higher than before by friday cus they dont want investors getting squeamish die to a glitch. Prob was a hack anyway.
If you entered the trade during the times listed in the below NYSE Trader Alert, you’re going to be OK.
NYSE Group Equities Exchanges – Ruling in BRK A
June 3rd, 2024 3:55 PM
MARKET
NYSE, NYSE AMERICAN, NYSE ARCA EQUITIES, NYSE CHICAGO, NYSE NATIONAL
SERVICE
TRADING
NYSE Group Equities Exchanges in conjunction with other UTP exchanges, has ruled to bust all erroneous trades in Berkshire Hathaway Inc. (BRK A) from 09:50- 9:51 at or below $603,718.30 related to the CTA SIP issue from earlier today. This ruling is not eligible for appeal.
When I have bad days it’s threads like this that keep me uplifted, god bless OP
I’ll give you $625,000 for the share.
Did you actually think you and other smart people would profit $600k here?
You put a market buy on one of the most volatile stocks in human history, and didn’t use a limit order?
You dropped your crown, king: 🪖
Congratulations, now you can go to the annual meeting