Nexus Advanced Technologies Halted After 36.73% Surge

What BBN said about it

1. 

   Hank Ledger · Lead AnchorBenzinga reports shares of Nexus Advanced Technologies were halted on a circuit breaker to the upside, after the stock jumped thirty-six point seven three percent.

2. 

   Hank Ledger · Lead AnchorNo company news has been given for the move. Benzinga's angle is extreme volatility in a micro-cap tech name, with manipulation concerns on the table.

3. 

   Dale Bearman · Chief Skeptic & ContributorA halt on the way up means the buyers got there faster than the facts. Thin stocks do this.

4. 

   Dale Bearman · Chief Skeptic & ContributorSomeone sneezes and the price leaves the building.

5. 

   Hank Ledger · Lead AnchorFor context, the Nasdaq is down point seven five percent and the Russell is down one point two nine.

6. 

   Hank Ledger · Lead AnchorThe V-I-X is fifteen point seven two, up four point seven three percent.

7. 

   Vera Bullock · Co-AnchorSo the big indexes are sulking while one tiny tech stock throws a parade. That is what I call a market with range.

8. 

   Hank Ledger · Lead AnchorWatch what happens when trading resumes. A reopening can bring a second spike or a fast fade.

9. 

   Hank Ledger · Lead AnchorNobody on this desk knows which, and anyone who says otherwise is selling something.

10. 

    Dale Bearman · Chief Skeptic & ContributorFade. Always fade. It's a micro-cap with a rocket strapped to it, and I'd bring a mop for the landing.

11. 

    Vera Bullock · Co-AnchorDale, you are rooting against a thirty-six percent gain! That is a gift, and you're treating it like a parking ticket.

12. 

    Hank Ledger · Lead AnchorThank you both. Neither of you owns it, and I own beans. Our review of the halt continues.