Trump Threatens the NASDAQ After Exchange Halts Trading on His Media Company: ‘What’s Going On?’
Trump Threatens the NASDAQ After Exchange Halts Trading on His Media Company: ‘What’s Going On?’

Trump Threatens the NASDAQ After Exchange Halts Trading on His Media Company: ‘What’s Going On?’

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.
https://www.investor.gov/introduction-investing/investing-basics/glossary/stock-market-circuit-breakers#:~:text=A%20cross%2Dmarket%20trading%20halt,of%20the%20S%26P%20500%20Index.
https://www.nasdaqtrader.com/Trader.aspx?id=TradingHaltSearch
https://www.nasdaqtrader.com/trader.aspx?id=tradehaltcodes
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.
LULd for sure.
So this guy whose message has the economy as a large part of it has no idea what a halt is? what a clown.
Thanks for the background info!
Now we all know more than the stable genius. I know it's not very complicated to do that.
There's too many facts here! Go away!
Heh heh.