they DS is trying to figure out how to stop the Trump train since it will send all their favorite social media company's straight down the drain
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Not true.
https://www.nasdaqtrader.com/Trader.aspx?id=TradeHalts
A normal automated halt is 5 minutes.
From Investopedia….
Special Considerations The table below outlines the acceptable trading ranges used to regulate individual securities within the current system of circuit breakers. If trading outside of these bands persists for 15 seconds, activity is halted for five minutes. The reference price is calculated using the average price over the previous five minutes but the maximum allowed pause is 10 minutes.
I’ve had to sit and wait through 10 minute halts many times, on many different stocks. I keep a lot of cash in my brokerage, so that when I see a stock that’s shooting up parabolic I can instantly buy, then quickly resell. I’ve been lucky taking advantage of that volatility, but I have to deal with trading halts when doing that. I’m not arguing with whatever the rule claims, I’m just saying in my real life experience it’s always been 10 minutes.
exactly. i think they screw with the order book to bounce from low bids to high asks with the market orders so they can trigger the longer breaks when they want to. i've sat through plenty of ten minute breaks and nearly everytime the bid/ask spread seems like it would be impossible to come up with.