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posted ago by CaptainHempbeard ago by CaptainHempbeard +3929 / -9

They scared.

They don't like it when the poor's do a capitalism.

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41
NoMoreMao 41 points ago +54 / -13

Exchange rules have been in place forever. They didn't just make shit up for DWAC.

44
War_Hamster 44 points ago +47 / -3

They are not always applied uniformly.

17
Brucesky420 17 points ago +17 / -0

Correct, the friday morning halt lasted 3x the amount they normally halt for volatility.

That being said, these rules have been in place. They didn't pull them out of their ass but definitely be aware of how they apply them, it absolutely matters

21
Vlad_The_Impaler 21 points ago +21 / -0

It appears there is some subjectivity involved.

https://www.sec.gov/fast-answers/answerstradinghalthtm.html

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ThatsDoable 13 points ago +16 / -3

Exactly. It was halted because a fuck load of people set a sell limit at 120. Once that triggered, it caused a sharp increase in volume all at once and halted the stock and made it plummet at the same time. It will get sky high. But these short sellers will have to fuck off first or this will continue.

This is not an unregulated market like Bitcoin.

6
987321 6 points ago +6 / -0

bitcoin is manipulated now. it used to be peer-to-peer electronic cash as described by the white paper. it was attacked by banks through censorship, and was "upgraded" to become a store of value.

so instead of using it to pay invoices, payday, groceries, coffee, the banks want you to hold bitcoins as tulips or beanie babies. they want you to pay $1,000 tx fees or use their mastercard payment hub aka a bitcoin bank.

the price is heavily manipulated through tether and bitfinex. it's way over valued relative to other coins, because it abandoned its utility for payments. they want you holding bitcoin, routing through their bank controlled patented lightning hub, and spending your bitcoin from a chase bitcoin visa card, that never actually executes a peer to peer cash transaction on a blockchain with your private keys that you hold.

the original bitcoin p2p cash protocol lives on. the one that can handle payments for 9 billion people already with today's tech, and has by far the most brick and mortar use of any crypto. it's constantly attacked. censored on almost all crypto forums. I'll let you DYOR and find it.

3
ed_shaw 3 points ago +3 / -0

In and out trading, facilitated by computers, serves no useful purpose. All it accomplishes is to drain invested capital and discourage the buy and hold investors, who are truly the life's blood of the system. When management sees the jigsaw pattern, simply issue more stock at a fair price. Day traders have turned the stock market into a gambling casino and have done more to degrade the industry than any other single thing.

1
iamherefortheluls 1 point ago +1 / -0

I don't think it was a specific 120 price point. I was trying to cash out this morning and set my sell limit order at 113. I had to step away from computer for ten minutes right as markets opened. Come back and trading is halted, my sell order went through at 120.90 per share. I didn't even know sell limit orders functioned like that.

I am now wondering if someone artificially made it halt by bidding way above market price to make it spike up fast enough to trigger the conditions. Because otherwise why would my shares sell for 7 dollars over asking price.

That, or I don't understand how limit orders work.

10
BostonVoter 10 points ago +10 / -0

Its terrible people on Patriots.Win are speaking lies and Misinformation. They don't want to learn. They won't stop. We have morons inside PDW , acting ridiculous

0
NeverTwitterer 0 points ago +4 / -4

Yeah a lot of people here with hearts in the right place but woefully misinformed on some things ):

The trading halts are not elites stealing your gains. They are there to protect you from the elites maniupulating markets and other bad actors.

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Rig4Red 5 points ago +5 / -0

They are there to protect elites manipulating markets. Ftfy

1
Cozette 1 point ago +1 / -0

The eliTeS aRe dOinG tHiS tO pRoTeCt yOu! 😂😂😂😂😂😂😂😂😂😂

1
Grilledpepe 1 point ago +3 / -2

It's for our own protection just like lock downs