Quote:
Originally Posted by Slava
I haven't noticed that, but I'm not trading penny stocks, so I couldn't say. I wasn't taking a shot at you though. I just think that when a stock rises 875% you have to anticipate it's going to be halted. I think that is just normal course of business when things appear to be hyperbolic.
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I think the halts occur when intraday spikes in price happen, like any trading that is a certain percentage above the last five minutes of trading. The over all price gain on the day is not what triggers a halt. Normally I see halts on stocks that explode on news, like 20-30%% in a few seconds. IMAC just steadily climbed throughout the day. In fact the biggest 2 minute candles of the day did not trigger a halt. So I don't really get it.
I wonder if they are using a different algo now that identifies day/pattern trading. There seems to be a move towards curbing pattern trading and taking out some of the technical trading and computerized trading. Just curious if there's a new halt based on that. IMAC was very characteristic of trading patterns today.
Anyway, I hope there are more of these in the near futire. They developed a telehealth business that goes well with the covid hysteria. So much emotional buying now. Just add Covid to your pharmaco name and put money in the bank.