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Not sure about either way. One thing did look interesting to me: the messages when trying to buy/ short the stock on Schwab looked strange. This might be indica
by sgregnt 6y ago
Not sure about either way. One thing did look interesting to me: the messages when trying to buy/ short the stock on Schwab looked strange. This might be indicative that they did not have a suitable system in place to interfere with the trading so drastically?
Initially it would say the stock ticket is wrong then after trying a few minutes later I trying short selling it would say the margins are not met (however I had more than 1000% margins) and finally it said the trading is restricted because of high volatility.
- themodelplumber 6y agoThat's pretty weird. It sounds like something that had to be improvised on their end. It does seem like there was some outside intervention: - Multiple brokerages making these types of decisions, not just one - Brokerages appearing to improvise (i.e. looking strange, maybe not tested out much beforehand) technical ways to send this new message - Brokerage messaging and decision-making policy appearing to be volatile by itself (!) - Claims (nothing substantiated) that e.g. government heads were involved in making the call These factors seem to add up, so it's interesting to watch this unfold.