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I almost had a heart attack this morning. One of the cheap stocks in my portfolio had, what I presume to be, a pricing error on the share price this morning. I might be a millionaire though. I'll take you all for rides in my helicopter/Ferrari tomorrow if the price isn't corrected. On a related note, has anyone else encountered something similar? What happens if I manage to get someone to purchase a single share of my stock at the listed price, then they realize that it is an error. Am I obligated to void the sale? Does the broker bear the burden?
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If it was a pricing error by your broker, then no one would be buying the stock at that price. If it was a pricing error by the market, then it should be caught pretty soon and any sales that would have gone through at the incorrect price would be reversed.
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You probably saw an error in web coding and doesn't have anything to do with the actual price.
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Yup... I have seen something similar.. a "penny stock" I owned for years (mostly because the trade fee to dump it was 50 times the stock price...) suddenly went from .01 a share to 100.00 a share.. and me with 52,000 shares!
It was corrected within a couple hours... but there was just enough "real" bump in the stock price for me to dump it, and only lose half the trade fee... (and my original $200 investment, but I'd written that off long, LONG ago...)/
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A Ferrari helicopter? Saweeeet!
