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They can halt trading of the stock all they want. All exchanges do [0] But the crazy part is that they only halted one side of the trade... the buy orders. Tha
by secondcoming 6y ago
They can halt trading of the stock all they want. All exchanges do [0]
But the crazy part is that they only halted one side of the trade... the buy orders. That is manipulation.
Personally, this cost me £1k on Nokia. I went from +£700 to -£1000 over the course of about 30 mins, because the market was pulled from under me.
[0] https://www.nyse.com/trade-halt-current https://www.nyse.com/trade-halt-current
- themaninthedark 6y agoExchanges halt trading, is Robinhood an exchange? >But the crazy part is that they only halted one side of the trade... the buy orders. That is manipulation. Exactly, I mean you could make the argument to stop selling: "The current price is being manipulated and is too high so we stopped our customers from selling if they mistime the market. We will resume selling when prices return to normal." Edit to add from /wsb:"If you try to sell you will get fucked because who are you going to sell it to if nobody can buy it?" I hope there is some meaningful action by the SEC. It would be interesting to have all the trades reversed to the point when buying was stopped.