This is weird, I can't believe it is happenning again.
#1
Posted 17 January 2007 - 02:15 PM
What the heck is going on?
Last time this happened under low volume conditions like this it ran 70% in a few months.
I discussed it here.
http://www.traders-t...;#entry2475160%
#2
Posted 17 January 2007 - 04:20 PM
Others are reporting same.
What the heck is going on?
Last time this happened under low volume conditions like this it ran 70% in a few months.
I discussed it here.
http://www.traders-t...;#entry2475160%
This doesn't sound right. I see nothing about a halt. Back when I was a broker, they were required to give you at least 100 shares at the offer. That's what market makers are for. Even if they have to short it. I'd be on the horn to my broker, and if the clerk couldn't help me, I'd speak to a super. And if they couldn't help, I'd call a wire house.
Anyone have anything on this situation? Did they change the rules?
BTW, who's your broker?
Mark S Young
Wall Street Sentiment
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http://wallstreetsen...t.com/trial.htm
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#3
Posted 17 January 2007 - 04:27 PM
Others are reporting same.
What the heck is going on?
Last time this happened under low volume conditions like this it ran 70% in a few months.
I discussed it here.
http://www.traders-t...;#entry2475160%
This doesn't sound right. I see nothing about a halt. Back when I was a broker, they were required to give you at least 100 shares at the offer. That's what market makers are for. Even if they have to short it. I'd be on the horn to my broker, and if the clerk couldn't help me, I'd speak to a super. And if they couldn't help, I'd call a wire house.
Anyone have anything on this situation? Did they change the rules?
Mark,
You can buy if you call your broker you just can't buy online with some brokers. Both in Oct and now I could not buy on my streetsmart screen through schwab but could buy from the main screen. Others can't buy at all online. Everyone can buy if they call their broker. The kicker is you can sell all you want online anywhere.
This is a very low float stock as parent company sfe holds over half the shares. There was a conference last Friday for sfe where what ever was said caused sfe to trade over 6 million shares where it normally trades just a few hundred thousand per day. I know clrt was discussed.
My guess is they have a big buy order they can't find the shares to fill. The volume is down to a trickle lately after a recent consolidation. I think this also happened in Oct because there was some very positive news that sent the stock flying in Nov.
It is just so weird that it happened twice.
#4
Posted 17 January 2007 - 06:00 PM
Mark S Young
Wall Street Sentiment
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http://wallstreetsen...t.com/trial.htm
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#5
Posted 17 January 2007 - 06:06 PM
#6
Posted 17 January 2007 - 06:52 PM
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter