Yeah, the guy who has no idea what a trading curb is, is a very stable business genius. Of course there is a very high chance that he is just straight up lying to rile the ignorant.
Limit Up-Limit Down Circuit Breaker (Single Stock Circuit Breaker) – The Limit Up-Limit Down circuit breaker (“LULD”) is a market volatility moderator designed to prevent large, sudden price moves in a stock. In particular, it prevents trades in individual securities from occurring outside of a specified price band. This price band is set at a percentage level above and below the average price of the stock over the immediately preceding five-minute trading period. If the stock’s price moves to the price band and does not move back within the price bands within 15 seconds, trading in the stock will pause for five minutes. These price bands are 5%, 10%, 20%, or the lesser of $.15 or 75%, depending on the price of the stock and whether the stock is designated as a Tier 1 or Tier 2 NMS stock. Tier 1 NMS stocks include all securities in the S&P 500, the Russell 1000 and select Exchange Traded Products. Tier 2 NMS stocks include all other NMS securities, except for rights and warrants, which are specifically excluded from coverage. The LULD applies during regular trading hours from 9:30 am ET – 4:00 pm ET. The LULD’s price bands double during the last 25 minutes of the regular trading day for (i) all Tier 1 NMS stocks and (ii) Tier 2 NMS stocks at or below $3.00.
https://www.nasdaqtrader.com/Trader.aspx?id=TradingHaltSearch
https://www.nasdaqtrader.com/trader.aspx?id=tradehaltcodes
LUDP Volatility Trading Pause
https://www.nasdaqtrader.com/content/MarketRegulation/LULD_FAQ.pdf
I’m going to take a wild guess at one reason why preventing large, sudden price moves in a stock is a good thing: it prevents pump and dumps.
You can’t quickly pump a stock and then sell it off if there’s a control that stops the stock price from going way up in a hurry. And if you dump a stock, the price isn’t going to plummet instantly, offering some protection to your unwitting victims.
It’s hilarious. They were literally propping up the value of his company by preventing a price implosion.
It makes me wonder if his orders got cancelled.
Edit: my bad.
I failed to read the article. It was a price spike that got cut off. See below.
I’m all for dunking on Trump, but you (or anyone here) should read the article.
It didn’t trigger because the price was tanking. It triggered because it was going up too fast.
It was on news of Trump saying he wasn’t going to sell.
It’s a social media company with very few active users which loses piles of money and takes in a pittance in return. It is worth less than nothing. If he holds it when it goes to zero than he loses all possible profit. Of course he’s going to sell.
on news of Trump saying he wasn’t going to sell.
Can the rubes really be that dumb, or was it all just foreign bribe money looking for an excuse to buy in?
So this guy whose message has the economy as a large part of it has no idea what a halt is? what a clown.
That’s like - the very tippy-top flower icing on layer after layer of shit cake that is trump. No, he does not know what anything is. He’s also a demented rapist and a pathological liar. Then there’s the whole selling-us-out-to-russia thing.
My point is - his ignorance regarding how stock markets work (despite being surrounded by people who probably do) is not even in the top 100 things about him that are horrifying and sad.
Why is NASDAQ halting the sale of DJT? What right do they have to do this? They have done it twice today. What’s going on? Are they taking orders from the SEC, which, for political reasons, delayed us for an inordinate amount of time, therefore hurting the stock very badly? I am going to hold NASDAQ, and maybe the SEC, liable for doing what they are doing. If they do it again, we will move the stock to the New York Stock Exchange. It is my intention to own this stock for a long period of time. In my opinion, it is THE REAL VOICE OF AMERICA, but it is definitely MY VOICE, and it will be for a long time to come!
Everything is a conspiracy. Totally normal actions are a plot against him and the Right.
The company’s financials are in dire straits, as it lost $58.2 million last year while bringing in just $4.1 million in revenue. Despite the day’s jump, the share price, which closed at $17.97 on Friday, is a long way away from this year’s high near $80 a share.
He’s selling this shit as soon as he thinks it’s the right time. He has no intention of holding onto most of it.
At whatever point it becomes clear to him that he is going to lose the election he will almost certainly cash out. If the race is close then he may make a gamble. But he is going to need the cash if he loses.
Why would he need the money?
It isn’t like he pays his lawyers. And you don’t need a great lawyer to appeal a sensitive case indefinitely.
And… it isn’t like he paid his terrorists. He left them hanging out to dry after they failed to murder pence and the entirety of congress a couple years back.
Also, I have a strong suspicion that he’ll end up pushing for some blatantly illegal “charity” where True Believers can donate to The Real President Of The United States.
And lastly: Money is not a cure for novichok.
Oh, he pays his lawyers, the good ones anyway. He’s represented in some of these cases by major firms doing a respectable job. They’ll stop if they don’t get paid.
And you can’t really appeal indefinitely, he has a few appeals before a sentence goes into effect and that’s it. Then he could still try different appeals, but he’d be doing it from prison or probation or whatever.
He’s represented in some of these cases by major firms doing a respectable job.
Mmmmmm gonna need some examples there.
He may realize that putin’s got him covered as long as he continues sucking his dick.
It is my intention to own this stock for a long period of time.
That SCREAMS out that he’s selling ASAP. Look closely at the wording, he’s been coached, “Remember Mr. Trump, we want people to understand that you will be holding this stock.” He reflexively thought about selling, this is what came out his mouth.
And while we’re at it, when talking about their own company, who says this?! Can you imagine even Musk saying something this dumb?!
Lying liar lies about his stock liquidation plans.
Everyone that still holds stock after Trump is allowed to sell is a sucker. A sucker that absolutely will deserve those losses. It’d be like investing in Bernie Madoff at this point… After he’s proven to the world that he’s a fraud a thousand times over, people are still throwing money at Trump’s bullshit.
Future news: “I invested almost all my savings into this!”
Who could’ve known he was lying about selling it all as fast as he could‽
Everyone with half a brain, that’s who.
So, uh, when is he allowed to sell? Do we know the date? I’d been thinking about buying puts
