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LSE circuit breaker rules
https://docs.londonstockexchange.com/sites/default/files/documents/maintaining-orderly-markets.pdf
Having been in a number of volatile shares, this isn't the first time that I've seen stocks temporarily being suspended and going into an auction once the price has moved 10% in either direction. I'm pretty sure that these are known as circuit breakers in the stock exchange to manage volatility. If these haven't taken place for THG on down day, that is very surprising.
Correct SP28 it was NEVER suspended on the way day over 3 months!!!
It was.
SP 28 is right - look at Oct 11 £4.36 down to £2.85 in 1 day - how come that volitility wasn't stopped?
They do suspend rapid fallers too.
Believe me. I’ve had a few!
Usually we’re not monitoring our losers as closely as our winners. We’ve usually got our head in our hands, and tears in our eyes.
Appreciate I'm new to this but it certainly seemed dodgy to me. They don't seem to mind or stop it when it's in freefall!
So it increased less than 10% and they halted it!
OK, so when it dropped from 450p to 300p in Oct 21, was it also halted???
They suspended it because it moved violently PRIOR to the suspension.
It’s not dodgy. It’s standard practice. The exchange has an algorithm. It’s all done automatically.
That's what I'm asking why was it suspended? 40 trades (buy & sell) in that last 10 mins covering 66,000 shares! They didn't suspend it because there was too much volume, they suspended it because it was hot!
LD1973
Are you joking?
Of course there was no trades in that 10 minutes.
It was suspended, so that trading was halted!!!
Who is saying that, the ones doing it lmao.
2 clear 'Short & Distort' episodes with THG already proven, with plenty others probably gone under the radar.
Numis - They had to self report themselves to FCA and apologise and redact their note.
The Telegraph - Redacted and apologised for their story based on complete lies!
2 proofs when caught red handed, but damage was already done!!!!
Layering, spoofing, scalping, all sorts going on!
SEC have started taking action, and started prosecuting 'short & distort gangs' using racketeering laws used for the Mafia!
https://www.google.com/amp/s/markets.businessinsider.com/news/stocks/stock-market-short-sellers-doj-investigation-mafia-law-rico-racketeering-2022-2%3famp
Crooks in suits and nothing else!
Look at the amount of trades in that 10 min period - it was nothing! Absolutely no reason for them to have done this
SP28, there are still those who claim manipulation doesn’t happen. It’s just the market
When the RNS came out, my first post was 'get ready for the fun and games'. As we see this is now unprecedented!!
For those that have watched THG for months now, it's clear manipulation has been has been the name of the game. With takeover only just starting, interesting times ahead.
Just look at today. Dropped to 130p, starts rising, and then you feel when its just about to pop, trading halted at 1623. Make it make sense Lmao
Anna****
I did not say that fair value is 70p
Don’t be an arse.
I said that if the bids do not materialise, the share price would go down to 70p.
As we all know, share prices do not necessarily reflect fair value.
I think fair value is way higher than the much mentioned 250p. But I don’t think that we shareholders will ever get fair value.
I’m not your enemy. You don’t have to be so aggressive and misrepresent my thoughts on this.
Dg221- sounds like thats exactly what has happened, someone stepped on the accelerator, they decided to switch the engine off!!! Lmao
Another instance is when there are too many sell orders but not matching buy orders, or conversely.
But some shares can be thundering up or down and not go on auction because there enough people on the other side of those traders to buy or sell share to make the drop or rise possible.
Bottom line: don't read too much into intraday market auctions.
Wonder where we were heading before someone pulled the handbrake
Manipulation if you can’t see that or haven’t been following THG for 6 months then you are just being naive. @Blonky you said THG fair value without an offer was 70p!!!! 0.35% of revenue when industry standard is 4.5 x revenue yet you think it’s 0.35%. So you are valuing THG at £800 million in total yet Moulding turned down £4Bil in 2018 & let’s not forget the £525Mil Cash in the bank. So you value the whole company @£275Mil?! Oh dear back to school! So @blonky thinks nutrition valued @ZERO Ingenuity valued @ZERO beauty valued @ZERO but I will give you Cult Beauty bought for your £275Mil which is your valuation of the whole company!!!
A bit like that, but not exactly.
An auction is when the combined amount of shares requested or offered for sale (whether from a single or many traders) is too big to be processed. So it gives the chance to market makers and similar organisations to slow down the flow of trades (but they still take "negotiated trades", i.e. ones with a real time quote) while they get their books in order.
https://www.investopedia.com/terms/c/call-auction.asp
All stocks get suspended for 5 minutes if they move up or down too fast. This ensures an orderly market. They go into an intraday auction. Everyone puts in their bids and offers, then it uncrosses at the price where the most trades can take place. This happens to all stocks at the beginning and end of each day. Today, THG went into an auction because it was moving too fast. But this intraday auction was still in place by the end of day. So it ran into the end of day auction. So it was actually suspended for 9 minutes.
I’ve not seen it happen at end of day like that before , normally on opening bell after an announcement or piece of news. So I think as someone’s mentioned there was something coming down the pipe late on in the day they got wind of. Hopefully good news!
Thanks. How do they get away with that?
If manipulation and corruption wasn't crystal clear already, completely rigged market!
They shut down trading several minutes early just when the share price looked like rocketing away! Stinks.