Chicago RedSox wrote:I can't call up a stockbroker and tell him to sell me something at yesterdays price just because I made a mistake with the bank transfer.
If the buy doesn't go through by 2PM, because of either side's mistake, I believe it is null and void... whether the value goes up or down.
I believe that is how this trade should work as well. If he wants the trade, he should reoffer it. If you don't want to accept it, you are not obliged to... especially considering it was his mistake.
That being said, if I were you, I'd accept it.