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Silicon Graphics International Corp. Message Board

  • bg_rox2001 bg_rox2001 Feb 5, 2004 2:55 PM Flag

    Why have we stopped???

    Anyone know why? I know they sometimmes halt a stock for 2 reasons...
    1) technical errors but usually effects more than one
    2) huge news coming and they halt

    do they ever halt for major good news coming like a buyout??? I dont know. I have heard of a halt before a major bad news release though...I dont think thats the case here maybe technical. WISH I KNEW THOUGH>>>

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    • Yes, In a buyout they will also halt a stock trading. Really anytime they cannot keep up with the viable orders.

      eg. If SGI announced an endorsed(by SGI management) buyout offer at $9/sh.. There would be orders on the table to buy at $3.30 and orders to buy at $8.50 . Some people will get screwed really bad in these situations. I've seen sellers get $3.30 and the next seller get $8.50 and visa versa. That's why they have to halt the trading.

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