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Re: gappa2 post# 58944

Sunday, 12/13/2009 9:20:06 PM

Sunday, December 13, 2009 9:20:06 PM

Post# of 375420
Yes G, it's 24 hours. That's to stop a flurry of insider trading before the public gets wind of what's going on. Look at this way, if it's neg. news the insiders can get out at the current price for a day or 2, and if it's pos news the insiders would load up at the present price for a day or 2 before the news hit. I don't think this is a halt trading stock, I mean who knows what affect the news that a company has just borrowed 350 million dollars has on a stock price. I've been involved with 2 halts for negative reasons and I can tell you, that ain't no fun.