Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! -- Ignore unavailable to you. Want to Upgrade?

To: William Brotherson who wrote (46075)	7/8/1999 11:59:00 AM
From: Moosie	Read Replies (3) \| Respond to of 50264

A Cybersleuth Claims Credit for SEC Action on Bulletin-Board Stocks WWW Internet Fund Finds Net Stocks Can Turn South Quickly A suspension immediately halts trading in a stock for a specified period. "It's kind of a cooling off or a chance for investors to catch their breath," says John Reed Stark, head of Internet enforcement in the SEC's enforcement division. The suspensions do not suggest a permanent halt in the stock will be issued or imply that a criminal action will be filed, he explains. Stark adds that unusual stock activity, such as sudden run-ups or drops in a stock's price, often trigger suspensions. "It's just an alert to people that we have questions about some of the information that has been circulated," Stark says, adding that he could not comment on the suspended companies themselves. The SEC has been using temporary trading suspensions as a tool to combat potential abuse or hype, especially when it leads to investor frenzy. Not surprisingly, the number of suspensions has climbed as the bull market has continued to run. In the last fiscal year ended Sept. 30, the commission issued 17 suspensions -- more than quadruple the number in 1995. Of the 17 companies that were halted that year, only one, Shopping.com (IBUY:OTC BB), has fully returned to active trading. Another four or five stocks have seen some isolated trading. This year, the SEC has already issued seven suspensions, including the six handed down Jan. 29. The stock of another company, Powertech Industries, which trades in Vancouver, was suspended Jan. 13. It looks to have resumed some trading, but is generally inactive. A suspension theoretically gives the company involved time to address regulators' concerns or rectify any false or misleading information in the public domain. However, in reality, suspensions mean almost certain trouble for a company, and once suspensions are lifted and trading resumes, investors usually storm the exits. Both Nasdaq and the New York Stock Exchange will temporarily halt trading pending the release of material news, such as financial information. These halts will generally last about 30 minutes or so, but last longer in some cases, according to a Nasdaq spokesman.

To: William Brotherson who wrote (46075)	7/8/1999 3:20:00 PM
From: Mr.D	Read Replies (3) \| Respond to of 50264

Bill, the reason she could not get to Jimmy Chin is he is in Hong Kong He found out by having his office call him, and get him up to tell him the news. How do you think he is feeling at this point. MY tea leaves tell me that the SEC made a move because of all the volume ,and price move with NO NEWS. I think they just wanted to stop a problem with a run away stock. Well back to my BUD. Everyone just hold tight and see what will happen. There is nothing we can do to change what has happened. I know Jimmy is not running from anything. Mr.D. PS I think I will take a nap,it has been a long morning.