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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?


To: CusterInvestor who wrote (11131)3/22/2011 4:20:28 PM
From: Taro  Read Replies (1) | Respond to of 20435
 
For future reference, clarification about trading out of a halted stock would be appreciated.

We will close this hole effective for future rounds.

... for future contests... I vote for being allowed to trade out of a halted stock if done on the first trading allowed after the halt.

What then if first trading after the halt happens to be timed to take place after the end of that current contest?

Good ideas are welcome :)

/Taro



To: CusterInvestor who wrote (11131)3/22/2011 5:51:24 PM
From: Elroy  Read Replies (3) | Respond to of 20435
 
For future contests (since I recluse myself from a decision on this one)I vote for being allowed to trade out of a halted stock if done on the first trading allowed after the halt.

I assume you mean the first trading day after the halt, and the stock is still halted? Ie, first trading day for other stocks.

At what price?

My vote says if you're halted, you're stuck with the last price (and can't trade), since we don't know if it was for good or bad reason. But I can't think of a good reason why a stock would become halted, and stay so for a long time, if the reason were good for the shares.