Trading halt? The dumb company is up over 100% in less than a month. I can't imagine why it dropped 10%. Let it tank already.
this post was submitted on 15 Oct 2024
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Trading halts are done automatically by the exchanges anytime any stock falls by a certain amount within a certain time frame. It’s meant to interrupt automatic, algorithmic high frequency trading from a runaway out of control feedback loop - think of it like muting the microphone when the speakers start making that high pitched feedback screech. Give it time. If there’s any justice left in the world it will be a penny stock by the new year.
Glad to see this. I'd been watching it go up day by day for more than a week. I was disappointed to see it up again this morning. I hope it crumbles to zero.
The stock price whipsawed during an extremely volatile trading session in which more than 97 million shares traded hands — multiple times the company’s 30-day average trading volume.
Does Trump have to disclose if he is dumping his shares? That many shares trading hands makes me wonder if he is trying to cash out before the stock starts to tank again.
Good luck getting old man diaper rash to do anything he has to do.
I have to wonder if this has anything to do with that bizarre (even for Trump) rally in Pennsylvania.
Every time Trump loses, America wins.
Sad trombone
If you zoom out just a bit, this drop took it back to where it was at the start of trading yesterday. The stock has been surging since 10/10.
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https://www.cnbc.com/2024/10/15/trump-media-shares-halted-after-sudden-djt-stock-plunge.html