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If they do that, then they're definitely harming any customers who have a position they need to get out of, as opposed to only potentially harming them.
by usefulcat 7y ago
If they do that, then they're definitely harming any customers who have a position they need to get out of, as opposed to only potentially harming them.
- nightski 7y agoThat's exactly what is happening right now anyways. Except in the past week many new positions were opened on a broken platform. If this was Wells Fargo we'd see the pitchforks. But it's a SV company so all is good.
- usefulcat 7y agoIf you believe that the platform is so broken that it shouldn't be used (and I'm not arguing against that, btw) then a more reasonable solution would be to only allow position-reducing trades. That would also reduce overall trading volume on their platform. Not that I expect them to do any of this, just pointing out that 'shut everything down' is not necessarily the best approach.
- to11mtm 7y agoI mean, the investment community knows, and even on other sites there was a lot of encouragement to get -out- before the next disaster struck. IMO anyone who opened a position on RH in the last week should not be shocked that the same thing happened again in this high volume crapstorm.