Talk about a stressful situation. I was absolutely terrified. My educated decision just turned into a gamble....
I was just watching the price and level 2 stopped, I was like, what gives. I go on stocktwits and other people are like, "did this stock get halted". It wasn't super volatile so i didn't understand why it could have got halted, being a newbie trader like me, I had no idea.
Well, a headline was released saying it was halted on pending news, my heart stopped right there and I was clinically dead. Then i came back to life at the thought that maybe it could be bad news.
It was a 30 minute halt, felt like the longest 30 minutes of my whole life. New article was released, CEO steps down and the article i read told me who was replacing the old founder. This is where it gets good. New CEO was arrested earlier this year for security fraud allegations as well as accused for gouging pregnant women and AIDs patients. Old CEO was actually the founder and chairman of the board..
To me that sounds bearish, but the stock doesn't move based on what i think. From my understanding it moves on human behavior.
Well, the stock got unhalted and price declined heavily. I marketed my short to cover because it was so volatile my limits weren't working. Needless to say, I had a really really good day today, I should be close to green tomorrow.
May the market be with you


Yay...welcome to the volatility of penny stocks. I was long when the price broke above the VWAP and another signal I use but sold when 5.10 area was getting resistance. Stole about 16 cents but I exited when I saw the 5.10 area getting heavy seller show up so I got out within a few minutes of the halt.
Good for you
Either way, halts are just one of the variables that add to the craziness with trading these. Buy some lotto tickets now!
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