News Focus
News Focus
icon url

Wam342000

06/19/14 9:46 AM

#13220 RE: samy75 #13215

Code T12 means it is supended for an indefinite time

last stock i've seen with a code T12 suspension was SGOC, and it reopened after 3 months
icon url

Rhee

06/19/14 9:57 AM

#13223 RE: samy75 #13215

Hinges on whether the filing is in order. The stock will be exceptionally volatile if/when it trades again. The MM will undoubtedly take the opportunity to run stops on both the long and short side. Some will simply want to recoup, and others will watch to see if a key technical level is broken. The moving averages have been very key levels, where the stock stalls or runs.

The fact is, there will also be confusion regarding whatever analysis is released, as undoubtedly it will be a mixed bag. This said, a T12 halt is not a good sign, even if volatility and volume are an important catalyst. It is indication that NASDAQ is aware of misconduct. Fortunately, there are other plays out there as gold and oil are heating up. There are so many methodically rising stocks, beyond this drama-for-mamma lotto play.