3 ms·
Either the market is open or closed, and when that changes is a very well-known schedule (for the most part). Even the US stock market would run into some very
by infogulch 8y ago
Either the market is open or closed, and when that changes is a very well-known schedule (for the most part). Even the US stock market would run into some very unhappy people if they partially closed a market (e.g. only allowed buying, not selling) or they closed a particular stock at their whim.
I'm not saying this wasn't risky or dumb, I'm just saying the US stock market is a poor counter-example because both of the things that happened in this case are exceedingly unlikely to happen on the US stock market.
- ceejayoz 8y agoIndividual stocks can be frozen, and things like the flash crash can trigger circuit breakers with little to no warning. Plus, a company can (hell, typically does) release news after-hours and leave you in the lurch, or go suddenly bankrupt. Ask me how my couple dozen Lehman Brothers shares are doing...
- PerryCox 8y agoYeah but just because the stock market may have been a poor example, it does not invalidate the rest of his argument. The OP tried to pump and dump, now he's complaining because he got burned. No such thing as easy money.
- mjcl 8y agoTrading is ‘closed’ (aka halted) for individual securities relatively frequently in the US. See https://en.m.wikipedia.org/wiki/Trading_halt https://en.m.wikipedia.org/wiki/Trading_halt
- erik_seaberg 8y ago> I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.—Warren Buffett
- cdiddy2 8y ago> or they closed a particular stock at their whim This happens all the time, a ticker will get halted for a time and no one can trade them even though the market is open. http://www.nasdaqtrader.com/Trader.aspx?id=TradeHalts http://www.nasdaqtrader.com/Trader.aspx?id=TradeHalts