Been Trading MGNX all Morning, why do we need the help with Trade Halts?

Discussion in 'Stocks' started by JesseJamesFinn1, May 6, 2020.

  1. I was enjoying churning the heck out of MGNX until they halted trading. What's the purpose of halting if its already moved up 259%?
     
    KCalhoun and vanzandt like this.
  2. No worries, Shorts are getting crushed so all is well with MGNX! I do not recommend a newbie playing a crazoid stock like this, its a good way to get yourself slammed.
     
  3. beatles

    beatles

    these stocks trade like penny stocks ..very illiquid and very people own it.
    maybe just one market maker
    the stocks are like options.
    100% up today
    50% down tommorrow.
    no margin or leverage.
     
  4. KCalhoun

    KCalhoun

    That's the best chart of the day, disappointed I missed it, didn't see it til midday, didn't want to chase. And yeah odd it didn't get halted a couple times earlier in it's run up
     
    JesseJamesFinn1 likes this.