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View Full Version : Trading halts



MoSteph
29-09-2005, 04:17 PM
Thoughts from the experienced...

Scenario is as such: today bluestone tin (btx) initiated a trading halt. I have never owned stock in a coy where this has happened before and naturally am curious. Good news/bad news... who knows.
Telltale factors:
1 month ago price slumped
Then directors bought heaps on market
Institutions followed OBV skyrocketing
Price then started downwards again but with low volumes - institutions seemingly staying in.

I guess my question is would a coy put a trading halt on good news?

Halebop
29-09-2005, 04:25 PM
No way to know up front MoSteph. You'll just have to sit and sweat it out like other holders and hope it is good news.

MoSteph
29-09-2005, 05:25 PM
On what grounds would a company normally put a halt in place? other than it being substantial news ... anyone have examples???

winner69
29-09-2005, 05:36 PM
Had a couple of trading halts over the last year pending a capital raising ..... maybe again

MoSteph
29-09-2005, 06:38 PM
Yeh...I thought about that... though a capital raising seems odd if the directors are buying...

winner69
03-10-2005, 08:36 PM
Well now you know ... sounds like bad news with mine closures etc

Those directors misinformed or what?

Hope pain not too much