Comment This essentialy wipes out the daytrader.. (Score 1) 460
This cant be good..
say a stock is trading at $1.10,
news comes out,
it hits 1.20 quickly,
then they halt it?
ppl read over news,
shit opens 1.50,
1.20 to 1.50 no way to make $..
then what happens if moves 15 cents in the other direction after the halt? another halt?
unless you get stuck in halt i guess then u good..
this is not a well thought out plan..
