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Circuit Breakers: Learn the Basics of These Market-Wide Pauses
Monday, March 30, 2020 - 9:59am | 1222Markets are fundamentally human, and therefore fueled by human emotions, including anxiety and fear. When such emotions get excessive, market-wide circuit breakers can come into play. These mechanisms serve as a brief “time-out” for investors and traders to step back and get a grip....
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A Primer On Trading Halts
Friday, March 29, 2019 - 12:37pm | 931For those following my trading recaps on the Warrior Trading blog or on the Youtube channel, you already know I’m likely going to end March in the red, the first red month I’ve had in a while. While there’s still a chance I could end even, but after the March I’ve had, I...
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What To Do When A Stock You Own Is Halted
Saturday, November 17, 2018 - 5:03pm | 562The NYSE-traded shares of India Globalization Capital, Inc. (OTC: IGCC) were halted in late October after the exchange said it had begun the process of delisting the stock. For investors who were blindsided by the news, here’s a look at what to expect when a stock is halted and...
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Longfin Gets The T-12 Halt, SEC Obtains Emergency Freeze Of $27M In Stock Sales
Friday, April 6, 2018 - 11:15am | 406The bizarre story of Longfin Corp (NASDAQ: LFIN) took another crazy turn Friday. Shares were halted on a Nasdaq T-12 code after soaring nearly 50 percent within minutes of the opening bell. Background Back in December, Longfin's stock soared from under $10 a share to north of $140 in...
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What You Need To Know About root9B Following Resumption Of Trading
Wednesday, October 4, 2017 - 2:00pm | 465Shares of Root9B Holdings Inc (NASDAQ: RTNB) crashed 43 percent on Wednesday after the stock resumed trading following a Nasdaq halt on Tuesday. In a new 8-K filing, Root9B disclosed that it has received a Staff Determination from the Nasdaq that it has been determined no longer be an operating...
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Digiliti Money Halted On A T-12 After Urban FT Makes Bid
Wednesday, August 16, 2017 - 12:46pm | 355Digiliti Money Group Inc (NASDAQ: DGLT) just made a DryShips Inc. (NASDAQ: DRYS) -like move. Back in 2016, shares of DryShips inexplicably soared from less than $5 per share to more than $100 per share for no company specific reason. The stock was then halted by the Nasdaq stock exchange under a...
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The T-12 Nasdaq Halt: When Stocks Get Called To The Principal's Office
Thursday, November 17, 2016 - 9:41am | 676Updated 8/17/2017 to include a BenzingaTV clip on Digiliti Money Group Inc (NASDAQ: DGLT) August 16 T-12 halt. DryShips Inc. (NASDAQ: DRYS) earns the title of one of Wall Street's strangest stories. The owner of drybulk carriers and offshore support vessels saw its stock trading in the low-...
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AutoDesk Spikes Following Trade Halt; Company Announces Restructuring Plans
Wednesday, February 3, 2016 - 3:55pm | 321Shares of Autodesk, Inc. (NASDAQ: ADSK) were halted prior to Wednesday's market open. Once trading resumed, shares spiked as high as $50.90 and were trading at $49.24, up 7.3 with less than two hours of trading remaining in the day. Autodesk announced a restructuring plan that will...
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Why Shares Of Chimerix Were Halted
Monday, December 28, 2015 - 8:52am | 232Shares of Chimerix Inc (NASDAQ: CMRX) were halted at around 7:25 a.m. ET on Monday. Chimerix, a biopharmaceutical company that develops antivirals in areas of high unmet medical need, announced in a press release that a Phase 3 study for its SUPPRESS of brincidofovir in patients undergoing...
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'Technical Issues' Halt NYSE Trading, Twitter Users Respond
Wednesday, July 8, 2015 - 11:49am | 2217Story is developing. Here's the best tweets we've seen so far from the Twittersphere: @NYSE tweeted at 12:28 pm ET these three updates regarding the halt of trading, which occurred at 11:32 am ET: (1 of 3) The issue we are experiencing is an internal technical issue and is not the result of a cyber...
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Marijuana Investors Beware: SEC Warns Traders Of Fraud In The Industry
Friday, May 16, 2014 - 12:09pm | 760The SEC posted a press release warning investors of fraud in the sector Friday morning, following the seventh trading halt in two months in the marijuana sector. The press release warns of "potential fraud in microcap companies that claim their operations relate to the marijuana industry,"...
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Shares Of Growlife Down 50 Percent After Two-Week Halt
Friday, April 25, 2014 - 1:01pm | 575Shares of Growlife (OTC: PHOT) on April 10 were halted by the SEC for a period of two weeks due to “questions that have been raised about the accuracy and adequacy of information in the marketplace and potentially manipulative transactions in PHOT's common stock.” Since April 3, Growlife's...