IIROC Hold question

Go down

IIROC Hold question

Post  lukera on Tue Nov 02, 2010 7:32 pm

I understand the the IIROC will halt a stock pending news or other dealings to stop crazy trading but:

What happens when the stock is allowed to resume trading?

Does the price open at the last price it closed at or will it open with a new price?

Can you put an order in prior to the stock being resumed so it will initiate a buy order asap?

here is an example that i am currently looking into:

http://micro.newswire.ca/release.cgi?rkey=1811017712&view=70886-0&Start=0&htm=0
avatar
lukera
Admin

Posts : 174
Reputation : 0
Join date : 2010-07-01
Age : 36
Location : sault ste. marie, on

View user profile

Back to top Go down

Re: IIROC Hold question

Post  Fred on Wed Nov 03, 2010 7:17 am

It depends on what the news is. A lot of times, they are halting trading because there may be a risk of information leak and they are trying to avoid speculation. They will issue the pending news release, then wait for some period of time and resume trading. If the news is bad, the stock will drop, if the news is good, the stock will jump. You can place an order, but I strongly advise waiting to first see what the news is, and look at the bid/ask price to guage where you will place your order.

Fred
SDDL Insider
SDDL Insider

Posts : 125
Reputation : 5
Join date : 2010-07-01
Age : 36
Location : Sault Ste. Marie, On

View user profile http://northernskiesoutpost.wordpress.com/

Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum