Abk Halted!!!
- Thread starter traderich
- Start date
I hope Charley got out of his position OK.
This was one of the biggest non-events I've seen in a while. One of the news services had a story this morning about ABK, saying that a stock nobody followed a year ago, trading below $10, is now one of the pivotal stocks to move the market higher. Just when you think you've seen it all...
kny 3
This was one of the biggest non-events I've seen in a while. One of the news services had a story this morning about ABK, saying that a stock nobody followed a year ago, trading below $10, is now one of the pivotal stocks to move the market higher. Just when you think you've seen it all...
kny 3
What kind of pussy company asks for a trading halt to announce....a RIGHTS ISSUE??? Jesus H Christ, that is such a non event. Halts should be for critical news that is totally unexpected, not any time a basket case company run by donkeys puts its cap out and asks for more money.
Cowards.
Cowards.
S&P and Moody's should just cut their damn ratings already. Im sick of this back and forth bullshit.
Quote from Mvic:
Tough break, then again it wasn't a very well thought out trade. No hedge, no RR, just a plunge. People who do that don't last long.
$10?
You hedge every trade you take???
Quote from TheAngryHermit:
You hedge every trade you take???
Every trade of consequence I do, but what I do is besides the point, this wasn't a trade it was a gamble. I don't have a lot of sympathy for gambling losses. The best thing that Traderrich can do for himself is to recognize that and either not do it again if it was a temporary lapse in discipline or seriously rethink his approach.
Was it really such a surprise that it was halted? Its an NYSE stock after all and specialists are notorious for halting for any little thing.
Which puddy is gonna squeal "Sue Gassparino" first?
Sorry to disappoint you Mvic, but I sold the long position and shorted as it continued the slide downward. I recovered most of the loss on the long position. Trust me, I have learned not to fight the tape. I was hoping the stock would go up on the news, but if I could have shown you my PC, I had the orders set up before the stock re-opened.
I was long when it was halted and had another order to buy if it went up on the news, but I also had an order to sell if it went down, which it did.
My only mistake is I missed it re-open by, I think 30 seconds. My order to sell was filled at 10.00 at 1:38:30. I think it opened at 1:38. I knew I had to have my finger on the mouse at all times, but I looked away for a minute to watch CNBC! darn it!
oh well, if anything that is what I learned from the lesson, not that I needed to hedge all my trades.
Trust me when I say I have no problems AT ALL to recognize I am wrong and switch my position instantly from long to short or vice versa. I have done it many many times sir.
peace.
I was long when it was halted and had another order to buy if it went up on the news, but I also had an order to sell if it went down, which it did.
My only mistake is I missed it re-open by, I think 30 seconds. My order to sell was filled at 10.00 at 1:38:30. I think it opened at 1:38. I knew I had to have my finger on the mouse at all times, but I looked away for a minute to watch CNBC! darn it!
oh well, if anything that is what I learned from the lesson, not that I needed to hedge all my trades.
Trust me when I say I have no problems AT ALL to recognize I am wrong and switch my position instantly from long to short or vice versa. I have done it many many times sir.
peace.