No. of Recommendations: 10
What's fascinating is--once the A issue was resolved and trading resumed--big time buys came in for the As in the high 600s and low/mid 700,000s. In thin liquidity. These are perfectly legal trades POST the halt.
The very low prices--A shares in 3 digits--are clearly errors, and will be unwound if they weren't merely reporting errors, as that is the rule. (Unlike the trades erroneously/unfairly unwound during the famous flash crash, which were entirely valid "sell at market" trades done at very low prices because there just happened to be no decent bids)
But I do wonder if the seemingly normal/valid high trades for A shares yesterday will be busted or not. They do seem valid on the surface of things, but if the tape is correct, who was a buyer at $741,971.38? A few too many people dumb enough to put in a "buy at market" order? Whoever it was, they pushed Berkshire's market cap over a trillion for the first time.
Jim
