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To: LukeL

Notice they only halt trading when stocks go down.

They never halt trading when stocks go up.


11 posted on 03/13/2023 8:09:51 AM PDT by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: cgbg

I bet the Robinhooders are crowing loudly today.


15 posted on 03/13/2023 8:13:02 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: cgbg
They never halt trading when stocks go up.

I don't believe that is correct. Stocks are halted when good news comes out in relation to close, etc.

34 posted on 03/13/2023 9:06:10 AM PDT by Fury
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To: cgbg

Genentech, first biotech to go public, Oct. 1980.

Stock soared on day one and trading was halted.


44 posted on 03/13/2023 9:55:18 AM PDT by Roccus (Veritas, non verba magistri)
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To: cgbg

The more I think about it, I believe that trading was halted in about 20 minutes of the open (it was an ipo) It opened at $35 and went well over $80 when trading was halted. IIRC, Goldman underwrote the one million shares offered but held back for itself about half from trading.

It was a long time ago, so some of the minutia of this may be off, but basically it’s just an example I remember. Too lazy to look it up.


45 posted on 03/13/2023 10:17:02 AM PDT by Roccus (Veritas, non verba magistri)
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