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Re: ced70 post# 33308

Tuesday, 08/08/2006 5:56:27 PM

Tuesday, August 08, 2006 5:56:27 PM

Post# of 169275
ced70. this is my last reponse on this issue.

first, you need to remove all symbols with 5 letters since these fall either under circumstance number 1 or 2

1. the company is also traded on a foreign exchange and is halted on that exchange (Foreign Regulatory Halt)

2. the security is a derivative of a company listed on a national exchange. For instance, warrants traded on the OTCBB of a company on the Naz will be halted if the trading of the company’s stock on the Naz is halted (listed security halt)

That will remove most symbols off your list. The remaining were indeed halted by SEC or for reason number 3.

The reason for the T.3 code is to disseminate to the B/Ds and MMs the (1) the time when market makers can begin enter quotations again and (2) the time the security will be released for trading.

The T.3 code just tells everbody to be ready for trading again

Time for martinis

TT



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