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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: mungofitch ✹✺🐝 SILVER
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Number: of 22351 
Subject: Re: Berkshire Trading All Messed Up
Date: 06/04/24 2:03 PM
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This appears to me to be an issue of illegality as opposed to maintaining orderly markets.

Who said anything about illegality?
As far as I know it all stemmed from technical error at the exchange, allegedly somewhat/indirectly related to the T+1 change last week which required rolling out some new software. Early days, but that's what I've seen so far.

When bad tape data rolls out, people will try to trade on what they are seeing. I can't think of anything wrong with trying, though the safety of your pocketbook relies on your knowing about the possibility of trades being unwound.

If I had seen an ask price for A shares in three digits (or four! or five!) while the trading was not halted, I would have tried to buy as many as I possibly could, even if the trades were likely to be unwound. With a limit order, of course.

Jim
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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 58 recs · 2023
Summary of 2Q 2026 · 55 recs · 2026
3Q Summary · 53 recs · 2024
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